BASF backed its full-year outlook despite posting flat second-quarter earnings after cost-saving measures offset a decline in sales due to lower prices across all segments.
The German chemical giant on Friday posted second-quarter sales of 16.11 billion euros ($17.47 billion), down from €17.31 billion the previous year. The company completed its capacity expansion for key specialty compounds manufactured at its Geismar plant late last year. Read more from The Wall Street Journal.
