basf
The outgoing top executive at Germany's BASF, Martin Brudermüller, warned of challenges and continued turbulent times ahead during his final day at the helm of the global chemical giant. The 62-year-old Brudermüller told his successor, Markus Kamieth, at the company's annual meeting on Thursday that the company must find a way to increase profitability, especially at its largest plant in the western German city of Ludwigshafen. BASF, the world's largest chemical company, has been under intense cost and margin pressure in multiple markets and has also struggled with volatile energy costs in Ger...
DPA International
The outgoing top executive at Germany's BASF, Martin Brudermüller, warned of challenges and continued turbulent times ahead during his final day at the helm of the global chemical giant. The 62-year-old Brudermüller told his successor, Markus Kamieth, at the company's annual meeting on Thursday that the company must find a way to increase profitability, especially at its largest plant in the western German city of Ludwigshafen. BASF, the world's largest chemical company, has been under intense cost and margin pressure in multiple markets and has also struggled with volatile energy costs in Ger...
DPA
The outgoing top executive at Germany's BASF, Martin Brudermüller, warned of challenges and continued turbulent times ahead during his final day at the helm of the global chemical giant. The 62-year-old Brudermüller told his successor, Markus Kamieth, at the company's annual meeting on Thursday that the company must find a way to increase profitability, especially at its largest plant in the western German city of Ludwigshafen. BASF, the world's largest chemical company, has been under intense cost and margin pressure in multiple markets and has also struggled with volatile energy costs in Ger...
DPA Breaking News
The outgoing top executive at Germany's BASF, Martin Brudermüller, warned of challenges and continued turbulent times ahead during his final day at the helm of the global chemical giant. The 62-year-old Brudermüller told his successor, Markus Kamieth, at the company's annual meeting on Thursday that the company must find a way to increase profitability, especially at its largest plant in the western German city of Ludwigshafen. BASF, the world's largest chemical company, has been under intense cost and margin pressure in multiple markets and has also struggled with volatile energy costs in Ger...
DPA Breaking News
The German chemical company BASF said on Thursday that its first-quarter net income dropped to €1.37 billion ($1.47 billion) from last year's €1.56 billion - a 12.4% decline. Earnings per share were €1.53, lower than €1.75 in the prior year. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) dropped 5.6% year-over-year to €2.66 billion, and EBITDA before special items amounted to €2.71 billion, down 5.3% from last year. The EBITDA margin before special items was 15.4%, up from 14.3% in the prior-year quarter. Sales in the first quarter amounted to €17.55 billion, 12.2% low...
DPA Breaking News
The German chemical company BASF said on Thursday that its first-quarter net income dropped to €1.37 billion ($1.47 billion) from last year's €1.56 billion - a 12.4% decline. Earnings per share were €1.53, lower than €1.75 in the prior year. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) dropped 5.6% year-over-year to €2.66 billion, and EBITDA before special items amounted to €2.71 billion, down 5.3% from last year. The EBITDA margin before special items was 15.4%, up from 14.3% in the prior-year quarter. Sales in the first quarter amounted to €17.55 billion, 12.2% low...
DPA
The German chemical company BASF said on Thursday that its first-quarter net income dropped to €1.37 billion ($1.47 billion) from last year's €1.56 billion - a 12.4% decline. Earnings per share were €1.53, lower than €1.75 in the prior year. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) dropped 5.6% year-over-year to €2.66 billion, and EBITDA before special items amounted to €2.71 billion, down 5.3% from last year. The EBITDA margin before special items was 15.4%, up from 14.3% in the prior-year quarter. Sales in the first quarter amounted to €17.55 billion, 12.2% low...
DPA International
German chemicals giant BASF is to take a 49% stake in a planned offshore windfarm being built in the North Sea by Sweden's Vattenfall power generator, the two companies announced on Monday. BASF, one of the world's largest chemicals producers, will own half the electricity generated by Nordlicht 1 and 2 for use at its production sites in Europe. Its Ludwigshafen headquarters on the Rhine in Germany will benefit in particular. Vattenfall is to build the windfarms, raising the renewables proportion in its portfolio. No details on price were released. In 2021, BASF took a 49.5% stake in Vattenfal...
DPA Breaking News
German chemicals giant BASF is to take a 49% stake in a planned offshore windfarm being built in the North Sea by Sweden's Vattenfall power generator, the two companies announced on Monday. BASF, one of the world's largest chemicals producers, will own half the electricity generated by Nordlicht 1 and 2 for use at its production sites in Europe. Its Ludwigshafen headquarters on the Rhine in Germany will benefit in particular. Vattenfall is to build the windfarms, raising the renewables proportion in its portfolio. No details on price were released. In 2021, BASF took a 49.5% stake in Vattenfal...
DPA
German chemicals giant BASF is to take a 49% stake in a planned offshore windfarm being built in the North Sea by Sweden's Vattenfall power generator, the two companies announced on Monday. BASF, one of the world's largest chemicals producers, will own half the electricity generated by Nordlicht 1 and 2 for use at its production sites in Europe. Its Ludwigshafen headquarters on the Rhine in Germany will benefit in particular. Vattenfall is to build the windfarms, raising the renewables proportion in its portfolio. No details on price were released. In 2021, BASF took a 49.5% stake in Vattenfal...
DPA International
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