Frankfurt For the chemical company BASF, 2022 turned out to be a year of nasty surprises. It started out strong operationally, but ended painfully: Sales and earnings in the chemicals business fell, plants had to be shut down and the record amount of more than six billion euros on the Russian activities of the energy subsidiary Wintershall Dea had to be written off.
For the second time in just three years, company boss Martin Brudermüller has to present a loss to the shareholders at the general meeting on Thursday. Bitter is: For 2023 there are signs of further operational losses.
With sales of EUR 87 billion and operating profit of EUR 6.5 billion, BASF can still present itself as the largest and nominally most profitable company in the Western chemical world.
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