BASF Group: Financial year 2019
BASF with decline in sales and operating profit

In the 2019 financial year, the BASF Group's sales fell by 2% to €59.3 billion. The operating result (EBIT) fell by 28 percent to €4.5 billion.
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BASF Group: Financial year 2019

In the 2019 financial year, the BASF Group's sales fell by 2% to €59.3 billion. The operating result (EBIT) fell by 28 percent to €4.5 billion.

At LogiMAT, DS Automotion will be exhibiting two automated guided vehicles (AGVs) in close cooperation. Visitors can also expect an overview of the company's entire product range.

Less weight combined with a high level of safety - these are the requirements of both the aerospace and automotive industries. New materials are needed to achieve this. A research project with partners Oerlikon, Linde and the Technical University of Munich is tackling the challenge.

In addition to the live demonstration of two different automated guided vehicles (AGVs) working closely together, visitors to Logmat can expect a digital overview of the AGV spectrum at DS Automotion.

Much quoted and now confirmed is the decline in German machinery exports. According to the VDMA, exports fell by 1.5% in real terms. A further decline is likely in 2020.

Weak global industrial production and growing protectionism have left their mark. As announced by the VDMA, German mechanical engineering companies exported goods worth 179.8 billion euros, 1.5 percent below the previous year's figure.

According to the VDMA, 2019 was a disappointing year overall for mechanical engineering companies in Germany. Compared to the previous year, order books for 2019 as a whole are down nine percent in real terms.

The Hoffmann Group has introduced the new, silicone-free Garant multi-purpose gloves. Both the assembly and cut protection gloves are completely silicone-free and produced in a silicone-free environment.
Machine tool industry 2019/2020
Although 2019 was better than expected, the VDW is forecasting a decline in production of 18% for the current year. The reasons are a combination of structural change, economic policy and unforeseeable developments.
Digitalization potential analysis

For many large companies, buzzwords such as big data, smart data and smart industry have long been part of everyday life. Small and medium-sized companies, on the other hand, often still doubt the feasibility and benefits. Yet they too can benefit from the competitive advantages. Initiatives and projects offer the right support if required.