By Kim Richters 

BASF SE has withdrawn its outlook for the year amid the coronavirus pandemic, but confirmed its dividend proposal for 2019.

The German chemical company said late Wednesday that it wasn't currently possible to estimate the length and further spread of the coronavirus pandemic, and it therefore couldn't comment on sales or earnings developments for the time being.

The company had issued a full-year guidance in February, which included sales between 60 billion euros and 63 billion euros ($65.23 billion and $68.50 billion)and earnings before interest and taxes before special items to range between EUR4.2 billion and EUR4.8 billion.

The company said it is keeping its dividend proposal of EUR3.30 euros per share for 2019 unchanged.


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(END) Dow Jones Newswires

April 30, 2020 01:18 ET (05:18 GMT)

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