EQS-Adhoc
BASF SE: BASF Group releases preliminary figures for full year 2024
- BASF's 2024 EBITDA at €7.9B, matching analyst estimates.
- Free cash flow significantly exceeds expectations at €0.7B.
- EBIT forecasted at €2.0B, below analyst consensus of €3.2B.
EQS-Ad-hoc: BASF SE / Key word(s): Annual Results BASF Group releases preliminary figures for full year 2024 |
- EBITDA before special items reaches €7.9 billion, which is at the level of analyst consensus (€7.9 billion) and slightly below the most recent figure forecast by BASF (€8.0 billion)
- Free cash flow of €0.7 billion considerably above analyst consensus (€0.4 billion) and above the range forecast by BASF (€0.1 billion to €0.6 billion)
Ludwigshafen – January 24, 2025 – The BASF Group’s sales for the full year 2024 are expected to be €65.3 billion (2023: €68.9 billion). This is in line with the figure estimated by analysts on average according to Vara. While volumes slightly increased, sales prices declined but showed a steady price recovery throughout 2024 compared with the respective quarter of the previous year. Currency effects negatively impacted the sales development.
Income from operations before depreciation, amortization and special items (EBITDA before special items) for 2024 is expected to be €7.9 billion, which is at the level of the average analysts’ estimates for 2024 (Vara: €7.9 billion) and slightly below the range forecast by BASF in February 2024 of €8.0 billion to €8.6 billion. The most recent earnings expectation was at the low end of this range. In 2023, EBITDA before special items was €7.7 billion. The increase compared with the previous year was due to higher earnings in the core businesses, primarily driven by increased volumes. In the fourth quarter of 2024, however, the earnings momentum particularly in the Chemicals segment declined considerably; this segment only slightly exceeded the low EBITDA before special items of the fourth quarter of 2023. The Agricultural Solutions segment considerably increased its contribution to EBITDA before special items in the final quarter compared with the same period of the previous year.