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BASF Faces Challenges Yet Maintains Growth Targets
2025-05-02 10:30:10
Business
Companies

BASF Faces Challenges Yet Maintains Growth Targets

BASF, a leading chemical company, reported a minor sales decline of 0.9% in the first quarter of 2019, totaling 17.4 billion euros. The adjusted operating profit also saw a decrease of 3.2%, coming in at 2.6 billion euros.

Despite these challenges, including lower prices and reduced sales volumes in significant sectors, BASF remains committed to its strategic goals for 2025. The firm acknowledges potential impacts from US tariffs but deems them manageable. Additionally, BASF is exploring strategic options and implementing cost-saving measures, including possible plant closures in Ludwigshafen.

During an upcoming virtual shareholder meeting, CEO Markus Kamieth will discuss the company's objectives and recent performance. Although BASF has set an EBITDA target of 8.0 to 8.4 billion euros for the year, it has refrained from providing specific forecasts for revenue and net profit.

The press radar on this topic:

stern
2. Mai 2025 um 07:01

Chemical Company: BASF Starts with Slight Sales Decline - Targets Confirmed

The chemical group BASF recorded a slight sales decline of 0.9% to 17.4 billion euros in the first quarter of 2019. The adjusted operating profit fell by 3.2% to 2.6 billion euros. Despite lower prices and declining sales volumes in key sectors, BASF confirmed its targets for 2025. The impact of the US tariffs on the company is considered manageable, but indirect effects from the general market uncertainty could arise.
n-tv.de
2. Mai 2025 um 06:44

Group confirms annual targets: BASF profit declines slightly in the first quarter - n-tv.de

The chemical group BASF recorded a slight decline in profit of around 3 percent in the first quarter. Nevertheless, BASF is sticking to its annual targets. The group is aware of the possible effects of US trade policy, but sees itself well positioned due to its strong regional production. BASF is examining strategic options for parts of the portfolio and plans further cost-cutting measures, including the closure of plants at the Ludwigshafen headquarters.
focus
2. Mai 2025 um 06:08

BASF Starts the Financial Year with Declining Revenue and Falls Short of Analyst Expectations

BASF starts the year weakly. Price decline and falling sales burden the company. The targets for 2025 remain unchanged.
stern
2. Mai 2025 um 01:30

Chemistry: BASF CEO Answers Shareholders' Questions

The chemical company BASF wants to become more profitable and competitive, especially at its headquarters in Ludwigshafen. A multi-billion euro savings program is underway for this purpose. At the virtual annual general meeting on Friday, BASF CEO Markus Kamieth will present the goals to the shareholders and report on the business development at the beginning of the year. However, the company did not provide a forecast for sales and profit.
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