It said it now expects full-year earnings before interest and taxes to be up to 30% below last year’s, compared with its previous forecast of a slight increase. BASF has cited the trade war between the US and China as it issued a major profits warning . The German firm , which said it expected full - year earnings before interest and taxes to be up to 30 % below its forecast ##s , pointed to declining global car sales and losses in the North American agricultural sector as additional reasons for the below - estimate figures .
BASF has cited the trade war between the US and China as it issued a major profits warning . The German firm , which said it expected full - year earnings before interest and taxes to be up to 30 % below its forecast ##s , pointed to declining global car sales and losses in the North American agricultural sector as additional reasons for the below - estimate figures .