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Despite significant headwinds, the company expects 2015 to be better than 2014, primarily due to lower oil prices.
February 27, 2015
By: TOM BRANNA
Editor
BASF today reported 2014 sales rose .5% to €74.3 billion ($84 billion at current exchange rates). EBIT before special items rose 4% to €7.4 billion, while earnings per share increased 7.5% to €5.61. Looking ahead, the company expects a slight increase in 2015 sales, but company brass warned that there could be volatility in the new year. “The outlook for the 2015 business year is subject to significant uncertainty,” warned Dr. Kurt Bock, chairman, BASF SE, at the annual press conf...
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