BASF : Mixed EBITDA bsi 2024 outlook in line with cons at € 8.3bn midpoint, OpFCF outlook of € 100-600m quite poor (cons. € 1.6bn) on peak capex; flat dividend
>Final Q4 23 EBIT bsi of € 292m on weak chemicals (upstream) segment - BASF’s final FY 2023 results confirmed its preliminary headline results reported on 19 January 2024 with EBIT bsi of € 3.8bn (2022: € 6.9bn) and OpFCF of € 2.7bn (2022: € 3.3bn) in FY 2023. EBITDA bsi came in at € 7.7bn for FY 2023. Implied Q4 2023 of € 292m dropped 23% y/y and 49% q-o-q with a chemicals segment EBIT bsi of -€ 130m, a marked drop on € 47m in Q3 (Q4 22: -€ 78m) on unscheduled plant...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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