BASF: Q1 EPS above estimates
(CercleFinance.com) - BASF has published Q1 2019 adjusted EPS that is down 14.
5% at 1.65 euro, beating the consensus by 13 cents, with operating income excluding extraordinary items that is down 24% at 1.7 billion euros.
The chemical giant reported revenue growth of 3% at 16.2 billion euros, despite a 4% reduction in volumes that it attributes to a generally cautious attitude amongst clients regarding orders.
Nevertheless, BASF's management confirms its targets for FY 2019, in particular slight growth in sales as well as operating profit excluding extraordinary items.
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