BASF : Q3 EBIT 4%< css, continuing upstream weakness. EBIT 23 outlook at low-end of € 4bn, in line with cons. € 3bn capex cut 2024-2027 may support stable div.
>Group volumes dropped 9.4% y-o-y in Q3 (Q2 20 2023 -10%) across almost all customer industries, -3% q-o-q - 28% y-o-y decline in group sales was pushed by continuing volume erosion by 9.4% y-o-y in Q3 and 14.4% y-o-y decline in prices. Volumes also declined further by 3% q-o-q from Q2 2023.Group EBIT bsi of € 575m 4% below consensus of € 601m - EBIT bsi of € 575m in Q3 2023 came in 4% below current consensus of € 601m (ODDO BHF € 553m), dropping 57% ...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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