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BASF, the world’s largest chemical company, is lowering its financial expectations for the current year, the company said while reporting quarterly results on Wednesday. Currently, earnings before interest, taxes, depreciation, amortization and special items (adjusted EBITDA) are expected to be at the lower end of the forecast range of €8 billion to €8.6 billion ($8.7 billion to $9.3 billion), the German company announced. Analysts expect an average operating profit of €7.9 billion. BASF is struggling with falling prices for chemicals, as well as higher energy costs in Germany. In the third qu…

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