basf se said wednesday that it is sticking to its 2022 outlook as it moves ahead with a costsaving plan to counteract significantly weaker earnings in germany and the rest of europe the german chemical company bas continues to expect fullyear sales of between 86 billion euros and 89 billion euros 8572 billion8871 billion and earnings before interest and taxes before special items between eur68 billion and eur72 billion basf said earlier this month it was launching a costsavings program to be implemented through the end of 2024 that when completed would result in annual savings of eur500 million the program will focus particularly on its ludwigshafen site where more than half of the cost reductions will be made net income for the third quarter was eur909 million compared with eur125 billion for prioryear period on revenue that increased by 12 to eur2195 billion basf said confirming preliminary results released on oct 12 as previously reported thirdquarter earnings were hit by a eur740 million impairment related to the partial writedown on its stake in nord stream 1 gas pipeline operator wintershall dea