BASF
05-Nov-2019 12:52

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.

Full report available athttps://lnkd.in/dkurP4z #BASFreport

BASF Group third-quarter EBIT before special items declines 24% from prior-year quarter; outlook for 2019 confirmed
BASF Group sales in the third quarter of 2019 declined slightly year on year and amounted to €15.2 billion. This was mainly attributable to lower prices in the Materials and Chemicals segments. The uncertainties in the market and cautious ordering by customers also played a role. Demand from key customer sectors did not recover. Nevertheless, BASF was able to keep its sales volumes at the level of the prior-year quarter thanks mainly to higher volumes in the Agricultural Solutions and Surface Technologies segments.

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