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Lower price forecasts for oil, gas lead to impairments in EBIT of BASF Group in 2015
January 27, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
BASF announced preliminary, non-audited figures for 2015. As forecast by BASF, sales and income from operations (EBIT) before special items for the full year 2015 are slightly below the level of the previous year. Sales declined by 5% to €70.4 billion (2014: €74.3 billion). EBIT before special items in 2015 is expected to be €6.7 billion (2014: €7.4 billion). The decrease in sales is primarily due to the divestiture of the natural gas trading and storage activities. The decline in EBIT before...
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