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BASF: Q3 to Be Much Better Than Expected

Business in July and August suggests that BASF will fare clearly better than expected in the third quarter, helped in particular by strong demand from China, the CEO told Reuters, adding there was practically no summer slump.

When reporting first half results at the end of July, Hambrecht had warned that third quarter results tend to be weaker than second quarter earnings.

For 2010 BASF still expects a strong sales increase and a significant improvement in earnings before interest and taxes, before special items. In 2009, EBIT before special items came in at EUR4.9 billion.

At 1150 GMT, BASF shares trading up 0.2% at EUR45.37, outperforming the DAX which was trading down 1.0%.

-By Frankfurt Bureau, Dow Jones Newswires;

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About Jorry

Sales Director of Henan Harvest Chem Co.,Ltd

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Contact me:

adminMr. Jorry Zhang
Current position: Sales manager of Henan Harvest Chem Co.,Ltd
Website:  www.hnharvest.com
Cell: +86-15803826779
Tel: +86-371-86058571
Fax: +86-371-65350610
Email: Jorry@hnharvest.com
Welcome to send emails to me  for more information!

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