BASF Could Achieve Upper End of Guidance in 2021, CFO Says
By Olaf Ridder
BASF SE could achieve the upper end of the 2021 forecast it gave
at the end of February, Chief Financial Officer Hans-Ulrich Engel
said at the company's virtual capital markets day on Friday.
First-quarter results should give a more precise picture of
this, the executive said.
It expects sales in the range between 61 billion euros and 64
billion euros ($71.76 billion-$75.29 billion) and an adjusted
operating result, or EBIT, between EUR4.1 billion and EUR5
Analysts see this guidance as being conservative, with a Vara
Research consensus seeing adjusted EBIT at EUR5.3 billion, and an
analyst at Baader predicting the figure to come in as high as
Write to Olaf Ridder at firstname.lastname@example.org
(END) Dow Jones Newswires
March 26, 2021 09:31 ET (13:31 GMT)
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