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BASF Group withdraws outlook for 2020 business year
30.04.2020 10:05 "Agro Perspectiva" (Kyiv) —
The sales and earnings forecast for the 2020 business year provided by BASF on February 28, 2020, will not be able to be met. The company is therefore withdrawing its outlook. It is currently impossible to reliably estimate both the length and the further spread of the coronavirus pandemic, as well as future measures to contain it. Consequently, concrete statements on the future development of sales and earnings cannot be made at present. The Board of Executive Directors and Supervisory Board decided in today’s Supervisory Board meeting to propose a dividend of ˆ3.30 per share for resolution by the Annual Shareholders’ Meeting of BASF SE, which will be held June 18, 2020. The company is therefore confirming its proposed dividend for the 2019 business year, as announced in the BASF Report 2019. Provided the Annual Shareholders’ Meeting approves the dividend proposal, the corresponding payment will be made to shareholders on June 23, 2020. At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of ˆ59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.
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