logo
Plus   Neg
Share
Email

BASF Group Withdraws FY20 Outlook

German chemical company BASF Group (BFA.L,BASFY.PK) Wednesday said it is withdrawing its outlook.

The company said 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.

Previously, the company had projected sales growth to between 60 billion and 63 billion euros and EBIT before special items of between 4.2 billion and 4.8 billion euros for the full year 2020.

The Board of Executive Directors and Supervisory Board decided to propose a dividend of 3.30 euro per share for resolution by the Annual Shareholders' Meeting of BASF SE, which will be held June 18, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
RELATED NEWS
Follow RTT