Basf Earns Less in the Quarter

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The chemical giant gets to feel the weak demand. Expenditures are adjusted. The austerity program is running.

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The chemical giant gets to feel the weak demand - and adjusts the annual target. This also has to do with a sale.

lokalo.de

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LUDWIGSHAFEN. BASF, the world's largest chemical company, also experienced weak demand in the third quarter. "In almost all sectors and regions, customer purchasing behaviour was still restrained," said Markus Kamieth, Chairman of the Board of Management. Sales declined by 3.2 percent year-on-year to EUR 15.23 billion in the third quarter. Rechnet [...]