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BASF SE on Thursday backed its 2023 outlook despite lower sales and earnings margin, and confirmed previously reported earnings figures.
The German chemicals giant XE:BAS said it continues to expect sales of between 84 billion euros ($92.75 billion) and EUR87 billion, and earnings before interest, taxes and special items of between EUR4.8 billion and EUR5.4 billion. Return on capital employed continues to be seen at between 7.2% and 8%, the company said.
BASF…
