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 billion.

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 EUR5.9 billion.

 

Write to Olaf Ridder at olaf.ridder@wsj.com

 

(END) Dow Jones Newswires

March 26, 2021 09:31 ET (13:31 GMT)

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