BASF Quarterly Statement Q3 2019:
BASF Group third-quarter EBIT before special items declines 24% from prior-year quarter; outlook for 2019 confirmed
* Sales of €15.2 billion (minus 2%); sales volumes match level in prior-year quarter.
* EBIT before special items declines to €1.1 billion, primarily due to significantly lower earnings contributions from Chemicals and Materials.
* Surface Technologies, Agricultural Solutions, Industrial Solutions and Nutrition & Care segments post considerable increase in earnings.
* Outlook for 2019 confirmed: EBIT before special items expected to be up to 30% below prior-year level.