BASF Sees Sales, Earnings at Low End of Guidance Due to Slump
10/31/2023 13:38
BASF SE sees 2023 sales and earnings coming in at the lower end of its guidance, underscoring the challenges facing Germany’s industrial sector as higher interest rates weigh on global demand.
BASF SE sees 2023 sales and earnings coming in at the lower end of its guidance, underscoring the challenges facing Germany’s industrial sector as higher interest rates weigh on global demand.
Earnings before interest, taxes and special items will come in closer to €4.0 billion ($4.2 billion), the bottom of its forecast range, down from €6.9 billion in 2022, BASF said Tuesday.