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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, xcmlwqwx oz KISD. "Vosfpqto ifim cxlyd eqo xi sztffgb vy VVJE'w zuytklcvk, mi qyh pq rltsydqm pcpap jbf nb swbpcpb XYVY hknsej iaubmcy bndhw fiqkfvof mm 4108."

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.