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In an environment that continues to be shaped by the global economic impact of the coronavirus pandemic, BASF Group’s income from operations (EBIT) before special items rose considerably compared with the previous quarter: At €581 million in the third quarter of 2020, it was €355 million higher than in the second quarter of 2020. “This significant increase was mainly driven by good business development in September,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE.
We will publish BASF’s Quarterly Statement 3rd Quarter 2020 on October 28, 2020, at 7.00 a.m. (CET). The results will be presented in a conference call that will be transmitted via the internet from 9.00 a.m. (CET).
At the request of BASF SE, the Ludwigshafen local court (Amtsgericht) appointed Mr. Liming Chen (60), Chairman of IBM Greater China Group, to the Supervisory Board of BASF SE by way of a resolution dated October 8, 2020. The appointment became necessary after Dr. Alexander C. Karp, CEO Palantir Technologies Inc., resigned from the Supervisory Board at the end of July 2020 for professional reasons.