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BASF Group releases preliminary figures for the third quarter of 2022 and announces cost savings program.
October 12, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
BASF has released preliminary figures for the third quarter of 2022. Sales, income from operations (EBIT) before special items and EBIT are slightly above average analyst estimates. Net income of BASF Group is expected to amount to €909 million. This is considerably below the prior-year quarter figure (Q3 2021: €1,253 million) and the average analyst estimates for the third quarter of 2022 (Vara: €1,105 million). Net income contains non-cash-effective impairments on the shareholding in Winter...
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