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Sales declined by 24.7% to €17.3 billion, and EBIT before special items down by €1.3 billion to €1 billion.
July 28, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
In a tough market environment, BASF Group sales in the second quarter of 2023 declined by 24.7% compared with the prior-year period to €17.3 billion. “We faced low demand from our key customer industries, except for automotive,” said Dr. Martin Brudermüller, chairman of the Board of Executive Directors of BASF, when presenting the results together with CFO Dr. Dirk Elvermann. BASF had already adjusted its outlook for 2023 and released preliminary figures on July 12. The decline in sales wa...
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