BASF : Q3 EBITDA 3% below cons on weaker Ag but +4% vs cons at 'Verbund'; FY EBITDA lowered to 'low end' of € 8-8.6bn range, as expected (cons €7.9bn)
>Group volumes gain 4.9% y-o-y in Q3 (Q2 24: +1%), +7% at Verbund - Flat group sales in Q3 24 were primarily due to a -2.2% y-o-y drop in prices (Q2 24: -6%) while volumes gained by a good 4.9% (Q2: +1%), +7% y-o-y looking just at Verbund volumes. Group pricing works out as 'slightly positive' excluding precious/base metals.Group EBITDA bsi of €1,622m 3% below consensus of €1,672m on much weaker Ag, +4% above cons at Verbund - EBITDA bsi of €1,622m in...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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