BASF : Feedback from mgmt. dinner - good October volumes, primarily in 'core Verbund'; tight race to make/break € 8bn EBITDA 24 guidance (css € 7.86bn)
>Make or break € 8bn 2024 EBITDA guidance? 'Tight race', says mgmt; consensus already cautious at € 7.86bn, good 'Verbund' volume trends seen continuing in October - BASF hosted a sell-side/investors dinner with the executive board. BASF’s management confirmed a 'tight race' to make/break its FY 24 guidance, while the good volume trends seen primarily in the core 'Verbund' (Q3 24 +6.8% y-o-y vs 4.9% at group level) continued in October. The CEO indicated that this is ...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.
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