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BASF SE Carl-Bosch-Straße 38 67056 Ludwigshafen, Germany http://www.basf-ag.de
Contact Mr Jens Fey +49 621 6099123
Company logo of BASF SE
BASF SE

BASF’s earnings in tough market environment significantly below strong prior-year quarter

(PresseBox) (Ludwigshafen, )
.
BASF Group 2nd quarter 2023:
- Sales decline by 24.7 percent to €17.3 billion
- EBIT before special items down by €1.3 billion to €1.0 billion

Adjusted outlook 2023:
- Sales of between €73 billion and €76 billion expected
- EBIT before special items of between €4.0 billion and €4.4 billion expected

In a tough market environment, BASF Group sales in the second quarter of 2023 declined by 24.7 percent compared with the prior-year period to €17.3 billion. “We faced low demand from our key customer industries, except for automotive,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF, when usfhuxieuy gex azhibww sniwqtwl jzzp Wjeuq Oxccsetwu Yrbvexq Se. Vtzq Owyhwqana.

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