BASF Group as the prominent enterprise in light of the COVID-19 pandemic-overview of the selected financial indicators

Abstract

Purpose of the study: The research regards the selected financial indicators: employment, personnel costs, and sales in BASF Group in terms of the COVID-19 pandemic. The paper's fundamental aim is to assess the financial situation of the BASF Group in light of the COVID-19 pandemic from 2016 to 2021.

Methodology: The paper uses statistical, dynamics, comparative, and documentation analysis.

Main findings: The discussion shows that the prominent company within the chemistry sector succeeded in the research period. BASF implemented the suitable mechanisms, solutions, and actions that mitigated the impact of the COVID-19 pandemic and, in consequence, positioned the world pioneer in chemistry in the leading rank against the rest of the entities competing in that diversified market.

Application of the study: The presented paper regards the leading company in the chemistry sector. It focuses on the considerations in such scientific areas as employment, personnel costs, and sales. Applying the instruments and measures of financial analysis enables one to examine the crucial problems of the enterprise. The issues pointed out in the paper can be profitable for practitioners, decision-makers, and managers.

Originality/Novelty of the study: The pandemic's trajectory is challenging to forecast. The COVID-19 pandemic modifications can cause the growth of infected people. Furthermore, the defined financial activity resulting from additional lockdowns may negatively impact aggregate demand. The paper can motivate further study and examination of the financial indicators of the BASF and other inspiring scientific research.