1442 GMT -- BASF is among the most mentioned companies across news items over the past seven hours, according to Factiva data. The German chemicals company reported its preliminary results for 2023 on Friday, and saw sales and earnings figures come in below both guidance and consensus expectations. The company said results were hurt by lower margins and a 1.1 billion euro ($1.20 billion) impairment. Despite this, fourth-quarter free cash flow should cover 90% of the 2024 dividend payment, UBS analysts said in a research note, following a share price rise of up to 2% on Friday morning. Full-year results are expected to be published on Feb. 23, the company said. Dow Jones & Co. owns Factiva. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

January 19, 2024 10:09 ET (15:09 GMT)

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BASF (TG:BAS)
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