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BASF Group Increases EBIT Before Special Items Compared to 2Q 2020

Outlook 2020: Sales of between €57 billion and €58 billion.

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By: Anthony Locicero

Copy editor, New York Post

In an environment that continues to be shaped by the global economic impact of the coronavirus pandemic, BASF Group’s income from operations (EBIT) before special items rose considerably compared with the previous quarter: At €581 million in the third quarter of 2020, it was €355 million higher than in the second quarter of 2020.    “This significant increase was mainly driven by good business development in September,” said Dr. Martin Brudermüller, chairman of the Board of Executive Directo...

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