BASF Targets 80% Rise in Sales, and Doubling of Earnings by 2020

BASF unveiled a 2020 sales target of €115 billion ($153 billion) today, up 80% from 2010 levels. Ebitda is forecast to double, to €23 billion in 2020, from €11.1 billion in 2010, BASF executives say.  The company’s strategy is to focus more on sustainable products and on expansion in emerging markets, as part of BASF's efforts to make a “significant contribution to meeting the needs of a growing world population,” says executive chairman Kurt Bock....

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