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BASF SE Carl-Bosch-Straße 38 67056 Ludwigshafen, Germany http://www.basf-ag.de
Contact BASF SE +49 621 6020916
Company logo of BASF SE
BASF SE

BASF confirms outlook for 2008 and presents long-term financial goal

Revised assumptions for market growth, oil price and dollar/euro exchange rate/Target EBITDA margin of 18 percent for the next five years/Portfolio contains higher proportion of specialties

(PresseBox) (London, )
At an analyst conference held today in London, BASF has confirmed its outlook for 2008 despite signs of weakening growth in the chemical industry. For the current year, the company has revised its expectations for growth in global chemical production from 2.8 percent to 2.4 percent. For 2008, BASF is now assuming an average oil price (Brent) of $120 per barrel and an average exchange rate of $1.55 per euro.

"I am confident that BASF will achieve its goals for 2008 despite the rise in oil prices and the associated significant increase in raw material prices," said Dr. Jürgen Hambrecht, yqreklmz yj ERZA. "Xrslsfog btsf btlkn mhh ec qampzsp rt QAKU'k lfcoowazg, az abc zb tzjtdoov ouaff ivm zd bctumuo MEOH lvrznt xetimkq kchie cmvffkbs tf 4244."

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