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BASF greatly increases sales target - gas shortage risk

BASF greatly increases sales target – gas shortage risk

BASF is defying rising energy and raw materials prices and raising its targets after an unexpectedly good first half. For 2022, BASF now expects sales of 86 to 89 billion euros and operating results (EBIT) before special items of 6.8 to 7.2 billion euros, the German chemical company announced.

Previously, sales were between 74 and 77 euros (previous year: 78.6 billion) and adjusted profits between 6.6 and 7.2 (7.8) billion euros were expected. “Despite the continued rise in raw material and energy prices, we once again delivered a solid result in the second quarter,” said CEO Martin Brudermüller.

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