BASF SE

BAS

Equity

ISIN DE000BASF111 / Valor 11450563

Xetra (2024-12-23)

EUR 42.34-0.47%

BASF SE
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

BASF SE is a global chemical company headquartered in Germany, recognized for its comprehensive range of products and services across various sectors. With approximately 112,000 employees worldwide, BASF operates in nearly every country, emphasizing its vast international presence and influence in the chemical industry. The company's business is structured into six key segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. These segments encompass a wide array of products and services, from basic chemicals to more specialized solutions, catering to a diverse clientele across multiple industries. BASF's commitment to combining economic success with environmental protection and social responsibility is evident in its operational strategies and product offerings, although specific environmental, social, and governance (ESG) efforts were not detailed in this summary. The company's integration of digital tools and analytics, such as the use of YouTube videos for online engagement and Tealium iQ Tag Management for website tag management, highlights its approach to leveraging technology to enhance its business operations and customer interactions.

Summarized from source with an LLMView SourceSector: Industrials

Sales Performance

In the third quarter of 2024, BASF SE reported sales of €15,739 million, maintaining a level consistent with the same period in the previous year, which was €15,735 million. The sales performance was positively influenced by volume growth across most segments, including Chemicals, Materials, Industrial Solutions, and Nutrition & Care, as well as Agricultural Solutions. However, the Surface Technologies segment experienced a decline in volumes due to weak demand in the automotive market. Negative currency effects and lower prices, particularly for precious and base metals, also impacted sales.

EBITDA Before Special Items

BASF SE's EBITDA before special items for Q3 2024 increased by €77 million, reaching €1,622 million compared to €1,545 million in Q3 2023. This improvement was largely driven by higher contribution margins in the core businesses. However, the standalone businesses and the 'Other' category saw a decline in earnings. The Agricultural Solutions segment faced challenges due to lower prices and negative currency effects, despite a positive one-off insurance payment in the previous year.

Net Income and Earnings Per Share

For the third quarter of 2024, BASF SE reported a net income of €287 million, a significant improvement from a net loss of €249 million in the same quarter of the previous year. Earnings per share also saw a positive turnaround, reaching €0.32 compared to a loss of €0.28 per share in Q3 2023. This reflects a 15% increase in net income for the January to September period of 2024 compared to the previous year.

Free Cash Flow

BASF SE's free cash flow for Q3 2024 was €569 million, a substantial decrease of 61.2% from €1,465 million in Q3 2023. This decline was primarily due to lower cash flows from operating activities, which fell by 23.6% to €2,052 million. The decrease in free cash flow highlights the challenges faced by the company in managing its cash generation amidst fluctuating market conditions.

Outlook and Dividend Policy

BASF SE has maintained its outlook for the 2024 business year, with expectations for EBITDA before special items to range between €8.0 billion and €8.6 billion. The company has also announced a commitment to distribute at least €12 billion to shareholders from 2025 to 2028 through dividends and share buybacks. For the 2024 business year, BASF plans to pay a dividend of at least €2.25 per share, continuing its strategy of providing consistent returns to shareholders.

Summarized from source with an LLMView Source

Key figures

-12.8%1Y

-30.4%3Y

-37.3%5Y

Performance

23.6%1Y

29.1%3Y

30.9%5Y

Volatility