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Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
| 48.7 EUR | -4.48% |
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-3.34% | -0.05% |
| 03:25pm | BASF SE : Deutsche Bank sticks Neutral | ZD |
| 09:01am | BASF SE : Receives a Sell rating from Jefferies | ZD |
BERLIN (Reuters) - Chemicals giant BASF reported a net loss in 2022 of 1.4 million euros ($1.51 million) in preliminary results on Tuesday, dragged down by a 7.3 billion euro impairment caused largely by the deconsolidation of Wintershall Dea AG in Russia.
The oil and gas business jointly owned by BASF and investor group LetterOne intends to fully exit Russia, BASF said in a statement, reporting "extensive loss of actual influence and economic expropriation" in the country.
Analysts had expected net income of 4.7 million euros from the chemicals giant. Earnings before interest and tax were 6.5 million euros, slightly below analysts' estimates of 6.8 million euros.
($1 = 0.9276 euros)
(Reporting by Victoria Waldersee; Editing by Leslie Adler)
Price
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 91.88 RUB | -0.32% | -3.14% | - | ||
| 87.62 USD | -0.41% | +1.45% | - | ||
| 83.24 USD | -0.46% | +1.43% | - | ||
| 48.7 EUR | -4.49% | -3.45% | 48.75B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| -0.16% | 48.75B | |
| -0.19% | 80.96B | |
| -4.33% | 30.73B | |
| +9.85% | 17.82B | |
| -9.78% | 11.7B | |
| -7.52% | 9.65B | |
| +2.79% | 9.52B | |
| +6.35% | 9.39B | |
| +3.85% | 8.2B | |
| -8.37% | 6.03B |
BASF SE 
