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BASF on Q3: Recovery “Slow and Fragile”

Friday, October 16, 2009

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BASF (Ludwigshafen, Germany) announced its preliminary third quarter figures for 2009. Sales were at €12.8 billion, which is 19% less than third quarter 2008 but 2.4% more than second quarter 2009. The preliminary figure for third quarter income from operations before special items was €1.25 billion, 20% less than third quarter 2008 but 9.5% more than second quarter 2009.

Dr. Jürgen Hambrecht, chairman of the board and executive of directors of BASF SE, said, “We have the right strategy. We are seeing the effects of the extensive measures we implemented in good time to adjust capacity utilization rates and to reduce costs…Although the mood is slightly brighter and we are climbing out of the trough, the recovery remains slow and fragile.”

Full third quarter results will be presented during the company’s conference call on October 29. For more information, visit www.basf.com.

   

Tagged categories: BASF; Earnings reports; Finance

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