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BASF's Earnings Plummet Due to Rising Costs and Weakening Demand

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Source: Financial Times
TL;DR

BASF, the German chemical company, reported a decline in earnings due to higher costs and slowing demand. The company's third-quarter earnings before interest, taxes, and special items fell by 10% compared to the previous year, with sales dropping by 2%. BASF cited increased raw material prices and weaker demand from the automotive and agricultural sectors as contributing factors to the decline in financial results.

Topics:businessbusinessfinance#basf#businessfinance#costs#demand#earnings#financial-results
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  1. BASF earnings fall on higher costs and slowing demand  Financial Times
  2. BASF earnings drop faster than expected | REUTERS  Reuters
  3. Basic Materials Roundup: Market Talk - WSJ  The Wall Street Journal
  4. German chemicals sector suffers from weak Chinese demand  Financial Times
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