Previously, BASF forecast 2023 sales of EUR 84B-EUR 87B. Now sees 2023 EBIT before special items EUR 4B-EUR 4.4B vs. prior view of EUR 4.8B-EUR 5.4B. For the second half of 2023, BASF does not expect any further weakening in demand at the global level, as inventories of chemical raw materials in customer industries have already been greatly reduced. However, BASF is assuming only a tentative recovery because global demand for consumer goods will be lower than previously assumed. With this, margins will also remain under pressure.
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