BASF : Q3 preview – Still weak, rather expect low-end of full year guidance range vs consensus at mid-point
>Expect weak Q3 with EBIT bsi of € 553m (-59% y-o-y) below latest consensus of € 750m - BASF’s Q3 results are due 31 October. We project weak EBIT bsi (before special items) of € 553m in Q3 2023, -56% y-o-y and below current consensus of € 750m. BASF reported € 1,007m in Q2 2023. Seasonal drop in Agricultural Solutions segment EBIT bsi from € 213m in Q2 to an estimated -€ 36m in Q3 accounts for € 249m or c. 55% of the expected sequential drop of € 454m q-o-q. The rema...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.