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Reports sales of €17.3 billion, EBIT before special items of €1 billion for Q2 2023.
July 13, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
BASF has released preliminary figures for the second quarter of 2023. Sales declined by an expected 25% in the second quarter of 2023 to €17,305 million (Q2 2022: €22,974 million). This was mainly driven by considerably lower prices and volumes; negative currency effects also contributed to the sales decline. Sales were thus lower than average analyst estimates for the second quarter of 2023 (Vara: €19,355 million). EBIT before special items of BASF Group amounted to an expected €1,007 millio...
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