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BASF, the world’s largest chemical company, announced its financial results for the third quarter of 2019, with total revenue of 15.23 billion euros (approximately $ 16.9 billion), a decrease of 2% year-on-year, mainly due to lower prices in the materials and chemical sectors. Uncertainty in the market and careful ordering by customers also played a role. Net income was 911 million euros, a year-on-year decrease of 24%. Earnings before interest and taxes (EBIT) excluding special items were 1.1 billion euros, a year-on-year decrease of 24%.
