Chemicals company BASF has reported a 3% increase in sales to €16.2 billion for Q1 2019.
EBIT before special items was €1.7 billion, a decrease of 24% (€549) million year on year. According to the company, this earnings decline was primarily due to lower contributions from its Materials and Chemicals segments.
‘In these segments, we had exceptionally high isocyanates margins and strong cracker margins in the first quarter of the previous year,’ said Dr Martin Brudermüller, chairman of the board.
This story uses material from BASF, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
