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BASF: Q4 EPS short of consensus

(CercleFinance.com) - The BASF share is down 1% in Frankfurt this morning, following German chemist's publication of Q4 adjusted EPS growth of 63% at 1.
29 euro, which is fifteen cents short of the consensus.

Operating profit before extraordinary items rose 58% to 1.9 billion euros, on sales that are up 8% at 16.1 billion euros, despite a negative currency impact of five points.

With adjusted EPS that is up a third at 6.44 euros in 2017, BASF will propose a dividend of 3.10 euros per share for its past fiscal year. In 2018, it expects slight increases in sales and operating profit excluding extraordinary items.

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