According to the company, this was primarily the result of “lower volumes in almost all segments due to weaker demand”.
However, net income was €1.6 billion, €340 million higher than in the same period of the previous year.
“BASF started off 2023 better than analysts had expected – and in a stagnating and difficult economic environment,” said D. Martin Brudermüller, chairman.
The company forecasts sales of between €84 billion and €87 billion for 2023.
