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BASF Reports Record First Quarter

Posted: April 24, 2008

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Sales in the performance products segment were close to the level achieved in the same quarter of 2007 due to good business performance in the care chemicals division. Prices of vitamins, in particular, were increased, and fixed costs were reduced.

Sales in the functional solutions segment increased slightly due to higher volumes and prices. The catalysts division, in particular, made a significant contribution to this rise, despite negative currency effects. However, earnings decreased.

Lastly, sales in the agricultural solutions segment increased due to higher volumes and sales prices compared with the first quarter of 2007. Earnings therefore also increased significantly.