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BASF Reports on 2019 Business Year

BASF Group: 'EBIT before special items declined despite better development in all downstream segments.'

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By: Anthony Locicero

Copy editor, New York Post

BASF generated sales of €59.3 billion in the 2019 business year; a slight decline in sales compared with the previous year resulted from lower volumes and prices. Income from operations (EBIT) before special items was €4.5 billion, down by €1.7 billion from the prior-year level as a result of lower contributions from the Materials and Chemicals segments. “Our company performed well, even in difficult times. 2019 was a challenging year with strong global economic headwinds,” said BASF’s Chairma...

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