BASF Expects Increase in 4Q Earnings, Sales
January 20 2021 - 3:31AM
Dow Jones News
By Mauro Orru
BASF SE projects increases in its earnings before interest and
taxes as well as its sales for the fourth quarter of 2020,
according to preliminary figures released Wednesday.
The German chemical conglomerate said quarterly EBIT should
amount to 932 million euros ($1.13 billion) compared with EUR579
million in the fourth quarter of 2019. EBIT before special items
should be EUR1.11 billion compared with EUR842 million the year
prior, BASF said.
"The Materials, Chemicals and Industrial Solutions segments
considerably exceeded average analyst estimates for EBIT before
special items in the fourth quarter of 2020," BASF said in a
statement.
The company expects quarterly sales of EUR15.91 billion, up from
EUR14.69 billion in the same period a year before.
BASF said it will publish its 2020 report on Feb. 26.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 20, 2021 03:16 ET (08:16 GMT)
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