BASF SE 4Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for BASF SE (BAS.XE) fourth-quarter results, based on a poll of 13 analysts conducted by Dow Jones Newswires (figures in million euros, EPS, dividend and target price in euro, according to IFRS). Earnings figures are scheduled to be released February 27.

=== 
 
                                     EBIT bef. 
4th Quarter       Sales  EBITDA  special items   EBIT    PBT 
AVERAGE          17,598   2,280          1,319  1,377  1,226 
Prev. Year       18,149   2,590          1,452  1,649  1,544 
+/- in %           -3.0     -12           -9.2    -17    -21 
 
MEDIAN           17,463   2,333          1,311  1,397  1,244 
Maximum          18,600   2,472          1,663  1,458  1,334 
Minimum          16,715   1,983          1,102  1,256  1,065 
Amount (a)           12       4             12      5      5 
 
Baader-Helvea    17,366   1,983          1,335     --  1,270 
Barclays             --      --             --  1,397     -- 
Credit Suisse    16,979      --          1,296     --     -- 
Deutsche Bank    17,155      --          1,278     --     -- 
HSBC             17,442   2,472          1,663     --     -- 
Independent Res. 18,600      --          1,170     --     -- 
Kepler Cheuvreux 16,715      --          1,269     --     -- 
LBBW             17,500      --          1,200     --     -- 
Morgan Stanley   17,961   2,305          1,469     --  1,219 
UBS              18,014      --          1,102  1,336  1,244 
Warburg Research 17,468      --          1,350  1,437     -- 
 
 
                 Net attrib. 
4th Quarter           profit      EPS 
AVERAGE                  922     1.00 
Prev. Year             1,143     1.24 
+/- in %                 -19      -19 
 
MEDIAN                   974     0.99 
Maximum                1,194     1.30 
Minimum                  625     0.68 
Amount (a)                 7        7 
 
Baader-Helvea            981     1.07 
Deutsche Bank            974       -- 
HSBC                      --     0.96 
Kepler Cheuvreux         726       -- 
Morgan Stanley            --     0.89 
UBS                      913     0.99 
Warburg Research       1,194     1.30 
 
 
               Target price  Rating                 DPS 2014 
 
AVERAGE               79.35  positive 6    AVERAGE      2.81 
Prev. Quarter         86.17  neutral  3    Prev. Year   2.70 
+/- in %               -7.9  negative 4    +/- in %     +4.2 
 
MEDIAN                85.00                MEDIAN       2.80 
Maximum               91.50                Maximum      2.90 
Minimum               62.00                Minimum      2.72 
Amount                   13                Amount          9 
 
Baader-Helvea         65.00  Sell                         -- 
Barclays              87.00  Overweight                 2.80 
Berenberg             65.00  Sell                       2.72 
Citigroup             90.00  Buy                        2.80 
Commerzbank           85.00  Buy                          -- 
Credit Suisse         64.00  Underperform                 -- 
Deutsche Bank         89.00  Buy                        2.80 
HSBC                  84.00  Overweight                 2.90 
Independent Research  85.00  Hold                       2.90 
Kepler Cheuvreux      62.00  Reduce                     2.80 
LBBW                  90.00  Buy                        2.80 
UBS                   74.00  Neutral                      -- 
Warburg Research      91.50  Hold                       2.80 
=== 

Year-earlier figures are as reported by the company.

(a) Including anonymous estimates from two more analysts.

DJG/voi 

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