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BASF Group sales in the third quarter of 2019 declined slightly year on year and amounted to €15.2 billion. This was mainly attributable to lower prices in the Materials and Chemicals segments. The uncertainties in the market and cautious ordering by customers also played a role. Demand from key customer sectors did not recover. Nevertheless, BASF was able to keep its sales volumes at the level of the prior-year quarter thanks mainly to higher volumes in the Agricultural Solutions and Surface Technologies segments.
Ludwigshafen, Germany – October 21, 2019 – The Supervisory Board of BASF SE today decided to reduce the size of the company’s Board of Executive Directors from seven to six members effective January 1, 2020, as part of ongoing efficiency measures. Board member Sanjeev Gandhi will leave the company at his own request. He was appointed to the Board in December 2014.