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Sales of €16.8 billion (plus 7%), mainly due to volumes growth.
May 1, 2020
By: Anthony Locicero
Copy editor, New York Post
BASF Group’s sales in the first quarter of 2020 increased by 7% compared with the prior-year quarter to €16.8 billion. This was mainly driven by a 4% increase in volumes. Income from operations (EBIT) before special items was €1.6 billion, down by 6% compared with the first quarter of 2019. The decline in EBIT before special items was mainly attributable to significantly lower contributions from the Chemicals and Materials segments and Other. “The first quarter of 2020...
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