BASF : Prelim Q2 EBIT bsi 12% above consensus, outlook left unchanged 'for the time being' as elephants (gas/macro/China lockdown) remain in the room
>Much stronger sales on pricing, Q2 volumes slightly down y-o-y on tough comparisons - Q2 prelim sales gained 16% y-o-y to € 22,974m, 8-6% above our/consensus forecast of € 21,197m/€ 21,737m with pricing/FX being the major drivers. Volumes declined 'slightly' y-o-y, admittedly compared with a strong Q2 2021, when post-Texas freeze recovery pushed volumes 28% y-o-y. Volumes declined by 1% y-o-y in Q1 2022.EBIT bsi 12% ahead of consensus at € 2,339m, match...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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