Regions :: North America
BASF Sees 'No Lasting Upturn;' Unlikely to Earn Cost of Capital in 2009
9:11 AM MDT | September 17, 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?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee