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 company said its net profit fell by more than half in 2018 to €1.3bn (£960m) from last year, mainly due to higher costs for raw materials such as iron ore and
BASF has cited the trade war between the US and China as it issued a major profits warning. The company said its net profit fell by more than half in 2018 to €1.3bn (£960m) from last year, mainly due to higher costs for raw materials such as iron ore and