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Bulletin: BASF's Profit Warning Will Have Only A Moderate Impact On Its Credit Metrics, Pending Second-Quarter Results

Published Jul 12, 2019

3 pages (1429 words) — Published Jul 12, 2019

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Abstract:

PARIS (S&P Global Ratings) July 11, 2019--S&P Global Ratings said today that it sees key mitigating factors for the expected drop in earnings of Germany-based chemicals producer BASF SE (A/Stable/A-1). BASF warned that its earnings before interest and taxes (EBIT) before special items in the second quarter (Q2) of 2019 would be considerably below expectations. Moreover, it expects EBIT before special items for full-year (FY) 2019 to be as much as 30% lower than for FY2018. That compares with BASF's previous forecast of up to 10% growth for FY2019. We understand the abrupt fall in the company's earnings expectations is mainly due to a contraction in the automotive industry in the first half of 2019 (production down by 6% globally

Report Type:

Bulletin

Ticker

BAS@GR

Issuer

BASF SE

GICS

Diversified Chemicals (15101020)

Sector

Global Issuers, Structured Finance

Country

Germany

Region

United States

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: BASF's Profit Warning Will Have Only A Moderate Impact On Its Credit Metrics, Pending Second-Quarter Results" Jul 12, 2019. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-BASF-s-Profit-Warning-Will-Have-Only-A-Moderate-Impact-On-Its-Credit-Metrics-Pending-Second-Quarter-Results-2263412>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: BASF's Profit Warning Will Have Only A Moderate Impact On Its Credit Metrics, Pending Second-Quarter Results Jul 12, 2019. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-BASF-s-Profit-Warning-Will-Have-Only-A-Moderate-Impact-On-Its-Credit-Metrics-Pending-Second-Quarter-Results-2263412>

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