BASF : Prelim. EBIT bsi FY 2023 3% below cons on weak chemicals segment; solid OpFCF of € 2.7bn; EBIT bsi 24 cons implies +22% y-o-y, lots of hope
>Preliminary Q4 2023 EBIT bsi of € 295m 30% below cons, -3% at FY 2023 level on weak chemicals (upstream) segment - BASF reported preliminary headline figures with FY 2023 sales of € 68.9bn coming in below € 73-76bn guidance (cons € 70.6bn). Preliminary EBIT bsi of € 3.8bn in FY 2023 is below 'low-end of €4-4.4bn' guidance and 3% below consensus of € 3,934m (ODDO € 3,938m). This implies Q4 23 of € 295m, 30% below cons of € 421m. No details were presented. However, sho...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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