BASF : Dividend just flat at € 3.40, SBB terminated at 47% of target; 2023 outlook EBIT bsi -2% vs. cons at midpoint; closing TDI plant in LU, positive for Covestro
>Group volumes dropped 15% y-o-y in Q4 (Q3 22 -7%) on global destocking; upstream segment EBIT bsi dropped 93% y-o-y to € 66m; better OpFCF - Final Q4 2022 results confirm the preliminary results, except for slightly better € 4.7bn net loss on another WintershallDea impairment, accumulating to a FY 2022 net loss of € 627m. Segment results confirm a significant drop in upstream results with combined Chemicals/Materials EBIT bsi dropping 93% y-o-y (89% q-o-q) to € 66m ...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.
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