Related Keywords: BASF, chemicals, earning, Economy, export, material, pre tax, slowdown
Chemicals group BASF has reported revenues of €46.5 billion for the first nine months of 2019, a fall of 2% on the figure for the corresponding period last year. Its pre-tax earnings were down by substantially more, falling by 34% year on year to reach €3.7 billion.
The group said it had had a “significantly lower contribution” from its materials segment, which brought in revenues of €8.8 billion over the nine-month period, a decline of 15%.
