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Cash flows from operating activities rising 5.2% year on year to reach €8.1 billion.
February 23, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
In a market environment shaped by economic uncertainty, BASF Group reported sales of €68.9 billion in the 2023 business year, compared with €87.3 billion in the previous year. This sales development was mainly driven by considerably lower prices and volumes. Lower raw materials prices in particular led to lower prices in almost all segments. Sales volumes fell in all segments as a result of weak demand from many customer industries. Nevertheless, BASF demonstrated economic strength with ca...
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