IHS Chemical Week

World News and Views :: Top of the News

BASF Sees 'No Lasting Upturn;' Unlikely to Earn Cost of Capital in 2009

1:13 AM MDT | July 30, 2009 | Natasha Alperowicz

BASF says its sales and earnings in the second quarter of 2009 were "negatively impacted by the ongoing global economic crisis." The company's chemicals, plastics, and functional solutions businesses were particularly badly hit by the downturn in the automotive and construction industries. Quarterly Ebit before special items fell 53%, to €1.1 billion ($1.55 billion) on sales 23% lower at €12.5 billion. Second-quarter Ebitda was €1.6 billion, 48% lower than in the second quarter of 2008. The company says lower volumes and prices...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa