BASF : IR-RS feedback - Q1 volume recovery trends continue in April/May, prices not (yet); $ 316.5m PFAS settlement 'significantly' insured. Reassuring
>Volume recovery continued in April/May, improving plant utilisations - We hosted a reassuring roadshow with BASF IR. The volume recovery trends observed in Q1 2024 when BASF reported 0.5% y-o-y group volume growth, held back by a -9% decline in average volumes but the 7% 'Verbund' volume recovery continued in April/May y-o-y. The level of restocking remains hard to assess for BASF, but we like the continuation of the trend. Therefore, global plant utilisation recover...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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