BASF (BASFY) has released preliminary figures for Q2, saying sales declined by 2.1% to EUR 15.77B. “This resulted from negative currency effects in all segments and lower prices, particularly in the Chemicals segment. Volumes increased slightly compared with the prior-year quarter, mainly thanks to considerable volume growth in the Agricultural Solutions and Surface Technologies segments,” the company said in a statement. EBITDA before special items of BASF amounted to an expected EUR 1.77B.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BASFY:
- BASF price target lowered to EUR 52 from EUR 55 at Deutsche Bank
- Food, agriculture leaders warn of MAHA’s overreach, WSJ reports
- BASF starts $6.8B sale of its coatings business, Bloomberg reports
- BASF upgraded to Outperform from Neutral at Grupo Santander
- Trump Trade: Trump considers 50% tariff on EU, 25% on iPhones