Germany’s Wintershall Dea reported a 130% increase in adjusted net income for its non-Russian business but acknowledged a group-wide loss of €4.8 billion ($5.1 billion) which included the impact of a €7 billion one-off, non-cash losses related to the Russian upstream and associated midstream business.
Wintershall Dea’s adjusted earnings on the up but Russia exit drags German group to €4.8 billion annual loss
Oil and gas arm of Germany’s BASF group was heavily exposed to Russia before the invasion of Ukraine
23 February 2023 8:07 GMT
Updated
2 March 2023 13:10 GMT
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