BASF SE

BAS

Equity

ISIN DE000BASF111 / Valor 11450563

Xetra (2026-08-03)

EUR 51.06+1.31%

BASF SE
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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

Top-line and margin snapshot

Q1 2026 sales: €16.02bn (‑3.0%). EBITDA margin before special items: 14.7% (down from 15.1% in Q1 2025). Price declines (notably in several chemicals businesses) and negative currency effects (USD, CNY) weighed on sales and margins, while volumes were generally higher across most segments.

Earnings detail

EBITDA before special items: €2,356m (‑5.6%). Reported EBITDA: €2,186m (includes special items). EBIT: €1,261m (+8.8%). EBIT before special items: €1,434m (‑9.9%). Net income: €927m (+14.8%); EPS: €1.06 (+16.6%). Adjusted EPS (ex special items & amortization): €1.32 (down vs prior year).

Cash flow and balance sheet

Operating cash flow: -€797m (improved vs -€982m). Free cash flow: -€1,375m (improved). Investments (capex + intangibles) Q1: €838m. Net debt rose to €20,489m (March 31, 2026) and equity ratio declined to 43.4%. BASF retains strong credit ratings (Fitch, Moody’s, S&P confirmed/maintained).

Special items, corporate actions and events

Special items in EBITDA totaled -€170m (mainly cost‑savings programs, including Ludwigshafen measures and ERP changeovers). Notable transactions: sale of optical brighteners, closing acquisition of AgBiTech (biological insect control) on March 31, 2026, and share buybacks of €494m in Q1.

Segment highlights

Chemicals: EBITDA before special items €233m (down, weaker margins despite higher volumes from the new Zhanjiang Verbund). Materials: €511m (improved, stronger Monomers performance). Industrial Solutions: €361m (roughly flat). Nutrition & Care: €192m (decline, driven by Care Chemicals margin pressure). Surface Technologies: €275m (significant improvement driven by higher precious‑metal prices and better Battery Materials margins). Agricultural Solutions: EBITDA before special items declined (€1,102m vs €1,204m in Q1 2025).

Outlook and risks

BASF SE maintained its full‑year 2026 guidance (EBITDA before special items €6.2–7.0bn; free cash flow €1.5–2.3bn; CO2 emissions 17.2–18.2 Mt). Management warned that the Middle East conflict and supply/energy disruptions create material uncertainty (possible higher oil/gas prices and FX effects) but did not change the forecast at this time.

Summarized from source with an LLMView Source

Key figures

22.2%1Y

8.20%3Y

-23.4%5Y

Performance

25.6%1Y

26.2%3Y

28.2%5Y

Volatility