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Isocyanate prices fell more sharply, and steam cracker margins were lower than expected.
December 10, 2018
By: Anthony Locicero
Copy editor, New York Post
Based on the earnings data for November 2018, BASF now expects a considerable decrease in income from operations (EBIT) before special items for the fiscal year 2018 in the range of 15% to 20% compared with the prior year (EBIT before special items in 2017: €7,645 million). BASF previously forecasted a slight decline of up to 10% compared with the prior-year figure. For EBIT of the BASF Group, the company continues to expect a considerable decline and for sales, a slight increase of up to 5%. T...
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