Thursday, December 13News That Matters

BASF Cuts Outlook, Now Sees Profits Falling 15-20 Percent in 2018

BASF Cuts Outlook, Now Sees Profits Falling 15-20 Percent in 2018

Germany’s BASF slashed its forecast for 2018 profits on Friday, saying the decline was mainly due to its chemicals segment while low water levels on the Rhine and weak automotive demand especially in China were also to blame.

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