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BASF shows sales of €14.2 billion (minus 29%),with EBIT before special items €1.9 billion (minus 8%).
May 2, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
In the first quarter of 2016, BASF Group sales decreased by 29% to €14.2 billion compared with the same quarter of the previous year. This was largely on account of the divestiture of the gas trading and storage business, which had contributed €4.2 billion to sales in the first quarter of 2015. The lower price of oil led to declining sales prices, especially in the Chemicals segment. Overall sales volumes matched the level of the previous first quarter. Volumes increased slightly in the Funct...
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