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Home  > Markets & companies  > Coatings market  > BASF Group withdraws outlook for 2020 busi...

Wednesday, 03 June 2020
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Markets & companies, Coatings market

BASF Group withdraws outlook for 2020 business year

Monday, 4 May 2020

The sales and earnings forecast for the 2020 business year provided by BASF on February 28, 2020, will not be able to be met.

The heart of the BASF Group is BASF SE with its headquarters in Ludwigshafen am Rhein. Image source: BASF SE.

The heart of the BASF Group is BASF SE with its headquarters in Ludwigshafen am Rhein. Image source: BASF SE.

The company is therefore withdrawing its outlook. It is currently impossible to reliably estimate both the length and the further spread of the coronavirus pandemic, as well as future measures to contain it. Consequently, concrete statements on the future development of sales and earnings cannot be made at present.

Proposed dividend for the 2019 business year unchanged

The Board of Executive Directors and Supervisory Board decided in today’s Supervisory Board meeting to propose a dividend of EUR 3.30 per share for resolution by the Annual Shareholders’ Meeting of BASF SE, which will be held June 18, 2020.

The company is therefore confirming its proposed dividend for the 2019 business year, as announced in the BASF Report 2019. Provided the Annual Shareholders’ Meeting approves the dividend proposal, the corresponding payment will be made to shareholders on June 23, 2020.

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