Arab Today, arab today basf meets targets but sees uncertain year in 2015
Last Updated : GMT 08:41:57
Arab Today, arab today
Arab Today, arab today

BASF meets targets but sees 'uncertain' year in 2015

Arab Today, arab today

Arab Today, arab today BASF meets targets but sees 'uncertain' year in 2015

BASF net profit grew by 7.6% to 5.155bn in 2014
Ludwigshafen - AFP

German chemicals giant BASF said Friday it met its 2014 earnings targets but the outlook for 2015 was uncertain in view of volatile oil prices and currency developments.
"We achieved our goal for 2014: we increased earnings, despite the disappointing economic development in Europe," chief executive Kurt Bock told the group's annual earnings news conference.
"We grew profitably. We further strengthened our chemicals business and in turn improved our margins," Bock said.
BASF said its net profit grew by 7.6 percent to 5.155 billion euros ($5.8 billion) in 2014.
Underlying or operating profit was up 6.5 percent at 7.626 billion euros while sales edged up 0.5 percent to 74.326 billion euros.
BASF said it planned to increase its dividend to shareholders to 2.80 euros per share for 2014 from 2.70 euros a year earlier.
Turning to the current year, BASF chief executive Bock said the outlook for 2015 was "subject to significant uncertainty. Oil and raw material prices are volatile, as are currencies; the emerging markets are growing more slowly; and the global economy is being dampened by geopolitical conflict."
"The global economy will continue to face substantial risks. In this volatile and challenging environment, we want to perform well and increase sales slightly in 2015," Bock said.
Underlying profit before extraordinary items would "likely match the previous year's level," he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today basf meets targets but sees uncertain year in 2015 Arab Today, arab today basf meets targets but sees uncertain year in 2015

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today basf meets targets but sees uncertain year in 2015 Arab Today, arab today basf meets targets but sees uncertain year in 2015

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday