BASF SE (BFA.L, BASFY.PK), a battery materials producer, reported net income of 225 million euros in fiscal year 2023, compared to a loss of 627 million euros in 2022.
Income from operations (EBIT) before special items in the 2023 business year amounted to 3.8 billion euros. The decline of 3.1 billion euros compared with the prior-year figure was primarily due to a considerably lower earnings contribution from the Chemicals and Materials segments.
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