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BASF Group: Operating results in the second quarter of 2020 beat market expectations

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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Q2 2020:

• EBIT before special items is expected to be EUR 226 million (Q2 2019: EUR 995 million)

• Net income is expected to be negative EUR 878 million (Q2 2019: EUR 5,954 million) due to the impairment of the equity investment in Wintershall Dea, which has no cash flow impact

BASF published preliminary data on the business situation for the second quarter of 2020 on July 10

The BASF Group's EBIT in the second quarter of 2020 is expected to be EUR 59 million, which is significantly lower than the level in the same period last year (EUR 507 million in the second quarter of 2019)

Net income of the BASF Group in the second quarter of 2020 is expected to be negative 878 million euros

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