BASF : Another warning, as largely expected ... Q2 EBIT in line, FY 23 EBIT outlook cut by 17% to € 4.2bn midpoint, leaves -14% to consensus of € 4.9bn
>Preliminary Q2 EBIT in line with consensus at € 1bn - BASF reported preliminary Q2 headline results, with EBIT bsi of €1,007m in line with cons/ODDO BHF forecasts of €1,018m/€1,062m, dropping 57% y-o-y compared to €2,339m in Q2 22. Sales declined by 25% y-o-y to € 17.3bn mainly on lower volumes and prices. This compares to -13% y-o-y in Q1 23 when volumes dropped 13% y-o-y and prices were marginally down by 1% y-o-y. We see a further deceleration in prices in Q2. No ...BASF is a chemical company based in Germany. Co. conducts its operations through five reportable segments: Chemicals, which comprises the Petrochemicals, Monomers and Intermediates divisions; Performance Products, which consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health and Performance Chemicals divisions; Functional Materials & Solutions, which comprises the Catalysts, Construction Chemicals, Coatings and Performance Materials divisions; Agricultural Solutions, which comprises the Crop Protection division; and Oil & Gas, which is composed of the Oil & Gas division.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.