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BASF Group Sales Slightly Lower in 2Q 2019

EBIT before special items was considerably below prior-year quarter at €1 billion, a decline of 47%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF reported its financial results for the second quarter of 2019.    The macroeconomic environment became challenging for BASF in the second quarter of 2019. “There is currently high uncertainty, low visibility and poor predictability,” said Dr. Martin Brudermüller, chairman of the Board of Executive Directors of BASF SE, during a conference call. “Our second-quarter results clearly reflect this.”   Compared with the second quarter of the previous year, sales decreased by 4% to €15.2 billion. ...

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