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DGAP-Adhoc: BASF SE: BASF Group withdraws outlook for 2020 business year


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DGAP-Ad-hoc: BASF SE / Key word(s): Change in Forecast/Dividend
BASF SE: BASF Group withdraws outlook for 2020 business year

29-Apr-2020 / 20:37 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


BASF Group withdraws outlook for 2020 business year

- Concrete statements on the development of sales and earnings in 2020 cannot be made at present

- Dividend proposed by Board of Executive Directors and Supervisory Board for the 2019 business year unchanged at €3.30 per share


Ludwigshafen - April 29, 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 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 €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.

Publication of quarterly statement on Q1 2020
On Thursday, April 30, 2020 at 7:00 a.m. CEST, the company will publish the quarterly statement on Q1 2020 and will comment on the figures at the telephone conference for journalists (from 9:00 a.m. CEST) and the telephone conference for analysts and investors (from 11:00 a.m. CEST).

Contact
Dr. Stefanie Wettberg
Investor Relations
+49 621-60-48002
stefanie.wettberg@basf.com

Jens Fey
Media Relations
+49 621-60-99123
jens.fey@basf.com




 

29-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: BASF SE
Carl-Bosch-Straße 38
67056 Ludwigshafen
Germany
Phone: +49 (0)621 60-0
Fax: +49 (0)621 60-4 25 25
E-mail: info.service@basf.com
Internet: www.basf.com
ISIN: DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86, Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxemburg, Frankfurter Wertpapierbörse, XS0420401779, Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter Börse, XS0414672070, Börse Luxemburg, ,
WKN: BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0EUB8, Frankfurter Wertpapierbörse, , WKN 884671, Frankfurter Wertpapierbörse, , WKN A0XFK1, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0XFHJ, Börse Luxemburg, , WKN A0T6EG, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T4DU, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN 3994329, Swiss Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T65R, Börse Luxemburg,
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX
EQS News ID: 1033311

 
End of Announcement DGAP News Service

1033311  29-Apr-2020 CET/CEST

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BASF SE Stock

€52.24
0.710%
BASF SE gained 0.710% compared to yesterday.
Our community is currently high on BASF SE with 45 Buy predictions and 6 Sell predictions.
As a result the target price of €65.00 shows a positive potential of 24.426% compared to the current price of €52.24 for BASF SE.
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