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Ludwigshafen (dpa) - The BASF Group presents its business figures for the first quarter today.
Last year, the chemical company was particularly troubled by the weak demand from the auto and aviation industries in the first few months of the corona pandemic.
Since the final quarter of 2020, things have been going better again thanks to increasing demand, especially from the auto industry.
In the current year, the group is aiming for growth in sales and operating profit.
"We had a good January, we had a good February," said BASF CFO Hans-Ulrich Engel a good month ago.
March has been going as well as the first two months so far.
The group, based in Ludwigshafen in the Palatinate, had tightened its austerity course last year.
The company plans to cut up to 2,000 jobs in its Global Business Services unit by the end of 2022.
With the deletions, BASF wants to save more than 200 million euros annually from 2023.
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The BASF Annual General Meeting will also take place on this Thursday (10 a.m.) - due to the corona pandemic, virtually, as in 2020. At the beginning, CEO Martin Brudermüller is expected to speak.
© dpa-infocom, dpa: 210428-99-390641 / 2
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