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BASF Group's 2023 Earnings Hit by Rising Costs and Weak Demand

1 min read
Source: BASF
TL;DR

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.

Topics:businessbusiness-finance#analyst-estimates#basf#business-finance#earnings#financial-report#sales
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  1. BASF Group releases preliminary figures for full year 2023  BASF
  2. BASF earnings fall on higher costs and slowing demand  Financial Times
  3. BASF earnings drop faster than expected | REUTERS  Reuters
  4. Basic Materials Roundup: Market Talk - WSJ  The Wall Street Journal
  5. German chemicals sector suffers from weak Chinese demand  Financial Times

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