THE WHAT? Chemical giant BASF SE has lowered its annual earnings forecast, attributing this decision to weak global industrial output and lagging consumer product demand. The company now projects earnings before interest and taxes to be around €4.4 billion, a significant drop from the previous estimate of €5.4 billion.
THE DETAILS? BASF’s tempered expectations reflect growing investor unease, pointing to the sluggish global economies grappling with rising interest rates and slow recovery in China. While service demand has boosted GDP in the first half of 2023, industrial production growth has been decelerating. BASF also revealed that its second-quarter earnings were 57% lower than the previous year, citing significantly lower prices and volumes.
THE WHY? The focus now shifts to BASF’s ability to pay dividends while expanding its business amidst these challenges. The recovery process remains uncertain, with key sectors like automotive and agriculture reducing their chemical inventories. An expected decrease in consumer goods demand will further pressure the company’s profit margins.
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Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
