News Code : 44353

Petrotahlil - Germany’s BASF (BASFn.DE) said on Wednesday it was withdrawing its outlook for 2020 as it was impossible to estimate the length and further spread of the coronavirus pandemic but it still proposed an unchanged dividend for 2019 of 3.30 euros per share.

The world’s largest chemicals company by sales had predicted a slight gain in full-year revenue in February but warned then that earnings could drop as the coronavirus outbreak slowed down the auto industry, its largest customer group.

BASF, whose products include coatings, catalytic converters and foam chemicals, is due to publish first-quarter results on Thursday morning.

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