BASF Scraps 2020 Outlook; Maintains Dividend
April 30 2020 - 1:33AM
Dow Jones News
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BASF SE has withdrawn its outlook for the year amid the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.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
April 30, 2020 01:18 ET (05:18 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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