BASF Group Withdraws 2020 Outlook
LUDWIGSHAFEN, Germany – BASF announced that the sales and earnings forecast the company provided on Feb. 28 for the 2020 business year will not be met, and the company is withdrawing its outlook. The company stated that, “It is currently impossible to reliably estimate both the length and the further spread of the coronavirus pandemic, as well as future measures to contain it. Consequently, concrete statements on the future development of sales and earnings cannot be made at present.”
The company also announced that it will pay a proposed dividend for the 2019 business year, if the dividend is approved at the Annual Shareholders’ Meeting.