BASF Group's 2023 Earnings Hit by Rising Costs and Weak Demand
TL;DR Summary
BASF Group's preliminary figures for full year 2023 show sales and EBIT below forecasted ranges and analyst consensus, with EBIT and net income considerably below analyst estimates due to non-cash-effective impairments. Cash flows from operating activities are above the prior year. The company will publish the BASF Report 2023 on February 23, 2024, and provide further commentary during analyst and investor conferences.
- BASF Group releases preliminary figures for full year 2023 BASF
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- Basic Materials Roundup: Market Talk - WSJ The Wall Street Journal
- German chemicals sector suffers from weak Chinese demand Financial Times
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