Industry News

BASF Group Withdraws Outlook for 2020 Business Year

Dividend proposed by Board of Executive Directors and Supervisory Board for the 2019 business year unchanged at €3.30 per share.

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By: Anthony Locicero

Copy editor, New York Post

The sales and earnings forecast for the 2020 business year provided by BASF on Feb. 28, 2020, will not be able to be met.    The company is, therefore, withdrawing its outlook.   It is currently impossible to reliably estimate both the length and the further spread of the novel coronavirus pandemic, as well as future measures to contain it.    Consequently, concrete statements on the future development of sales and earnings cannot be made at present.   The Board of Executive Dire...

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