BASF : Q4 EBIT bsi 9% below consensus on energy, outlook 3% below consensus at mid-point with disappointing downstream segment outlook, DIV as expected
>Q4 EBIT bsi 9% below consensus as accelerated energy costs bite - BASF reported Q4 sales up 24% y-o-y at € 19.78bn in Q4 2021 on 18% price appreciation and 3% volume growth. Q4 EBIT bsi of € 1,227m was 9% below consensus forecast of € 1,354m, up 10% y-o-y but down 34% q-o-q vs € 1,865m in Q3 2021 on seasonality and time lag kick-in of higher energy costs (Q4: € 800m headwind vs € 700m in 9M 2021) vs pass-through. Across segments, reallocation of bonus provisions from...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.