BASF : Good Ag and auto are not enough
>Final Q1 with Ag and auto the only silver lining, strong Ag hits OpFCF - 45% y-o-y growth in AgSolutions EBIT bsi on 15% organic sales growth and 5.7% y-o-y automotive-related sales growth primarily kept reported Surface Technology EBIT flat y-o-y or even up excl. precious metals trading results. Both segments marked the only silver linings in Q1 2023 EBIT bsi declining 31% y-o-y to € 1.93bn. Destocking pushed group volumes down by 13% y-o-y, improving slightly vs -...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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