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BASF shows sales of €14.2 billion (minus 29%),with EBIT before special items €1.9 billion (minus 8%).
May 2, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
May 2, 2016 www.basf.com/?utm_source=PEN&utm_medium=ContentMarketing&utm_campaign=PEN BASF Reports 1Q 2016 Results In the first quarter of 2016, BASF Group sales decreased by 29% to €14.2 billion compared with the same quarter of the previous year. This was largely on account of the divestiture of the gas trading and storage business, which had contributed €4.2 billion to sales in the first quarter of 2015. The lower price of oil led to declining sales prices, especially in t...
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