EQS-Adhoc

BASF SE: BASF Group releases preliminary figures for full year 2023 - Seite 2

The BASF Group’s expected EBIT in 2023 amounts to €2,240 million; this is below analyst consensus for 2023 (Vara: €3,691 million) and below the figure for the prior year (2022: €6,548 million). This is primarily attributable to non-cash-effective impairments in the amount of €1.1 billion. These mainly relate to the Surface Technologies, Agricultural Solutions and Materials segments.

Net income of BASF Group is expected to amount to €225 million in 2023. This is an improvement of €852 million compared with the prior-year figure (2022: minus €627 million), which included non-cash-effective impairments on Russia-related assets of Wintershall Dea in the amount of €6.5 billion. Analyst consensus for net income in 2023 (Vara: €2,247 million) is, however, not achieved.

Cash flows from operating activities are expected to reach €8.1 billion in 2023 and are thus above the prior-year figure of €7,709 million. Free cash flow is expected to amount to €2.7 billion (2022: €3,333 million).

Further information

The overview of analyst estimates, which is compiled monthly on behalf of BASF, can be found at: www.basf.com/analysts-estimates.

On Friday, February 23, 2024, at 7:00 a.m. CET, the company will publish the BASF Report 2023 and will comment on the figures at the telephone conference for analysts and investors (from 9:30 a.m. to 10:30 a.m. CET) and the annual press conference for journalists (from 11:00 a.m. to 12:00 a.m. CET).

Contact
Dr. Stefanie Wettberg
Investor Relations
[phone]
[e-mail]

Jens Fey
Corporate Media Relations
[phone]
[e-mail]

End of Inside Information

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19-Jan-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	BASF SE
	Carl-Bosch-Straße 38
	67056 Ludwigshafen
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.basf.com
ISIN:	DE000BASF111, DE000A0JRFB0, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JRFA2, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0JQF26, Börse Dublin, Frankfurter Wertpapierbörse, DE000A0EUB86, Frankfurter Wertpapierbörse, DE0008846718, Frankfurter Wertpapierbörse, DE000A0XFK16, Börse Luxemburg, Frankfurter Wertpapierbörse, XS0420401779, Börse Luxemburg, XS0412154378, Börse Luxemburg, Frankfurter Börse, DE000A0T4DU7,Börse Luxemburg, Frankfurter Börse, CH0039943292, Swiss Exchange (SWX), CH0039943383, Swiss Exchange (SWX), DE000A0TKBM, Börse Luxemburg, Frankfurter Börse, XS0414672070, Börse Luxemburg, ,
WKN:	BASF11, WKN A0JRFB, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JRFA, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0JQF2, Börse Dublin, Frankfurter Wertpapierbörse, , WKN A0EUB8, Frankfurter Wertpapierbörse, , WKN 884671, Frankfurter Wertpapierbörse, , WKN A0XFK1, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0XFHJ, Börse Luxemburg, , WKN A0T6EG, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T4DU, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN 3994329, Swiss Exchange (SWX), , WKN 3994338, Swiss Exchange (SWX), , WKN A0TKBM, Börse Luxemburg, Frankfurter Wertpapierbörse, , WKN A0T65R, Börse Luxemburg,
Indices:	DAX, EURO STOXX 50
Listed:	Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; London, SIX
EQS News ID:	1818431