BASF (BASFY) said, “Due to ongoing macroeconomic and geopolitical uncertainties, BASF is adjusting its assumptions for the full year 2025. The global gross domestic product is projected to grow less in 2025 than previously assumed. This development esessentially attributable to the U.S. tariffs announced in early April and the resulting uncertainties in the market. Against this background, the U.S. dollar has depreciated significantly against the euro. The growth of global industrial production is also expected to slow down. As a result, in 2025, market demand for chemical products will likely grow less than previously expected. Due to continued high product availability on the market, margins continue to remain under pressure, especially upstream.” BASF expects earnings development to be weaker than previously forecast and now anticipates 2025 EBITDA before special items to reach between EUR 7.3B – EUR 7.7B, down from its prior outlook of EUR 8.0B – EUR 8.4B.
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