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July 10, 2020
BASF Group: operating result in the second quarter of 2020 above market expectations; net income below market expectations due to impairment of shareholding in Wintershall Dea, mainly from oil and gas prices
Ludwigshafen – July 10, 2020 – BASF has released preliminary figures on business development in the second quarter of 2020. Sales declined by 12.4 percent in the second quarter of 2020 to €12,680 million (Q2 2019: €14,478 million). EBIT before special items, which reflects the development of the BASF Group’s operating business in the second quarter of 2020, amounted to an expected €226 million, above market expectations and in the range indicated by BASF, but considerably below the figure for the prior-year quarter (Q2 2019: €995 million).
Business & Financial News
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July 7, 2020
BASF invests in next-generation farming for livestock producers with Cloudfarms’ digital platform solution
BASF acquired Cloudfarms, a software company for livestock farm management, traceability and precision farming with focus on pig production. Cloudfarms’ livestock farm management solution enables producers around the world to continuously improve the efficiency and productivity of complex farming operations.
Business & Financial News
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June 18, 2020
Kurt Bock elected as new chairman of the Supervisory Board of BASF SE
Ludwigshafen, Germany – June 18, 2020 – The Supervisory Board of BASF SE has elected Dr. Kurt Bock as the new chairman of the Supervisory Board of BASF SE. Bock had previously been elected to the Supervisory Board of BASF SE by the Annual Shareholders’ Meeting as a shareholder representative. The term runs until the end of the Annual Shareholders’ Meeting in 2024.