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EBITDA before special items reached €2.7 billion in first quarter of 2024, slightly above analysts’ consensus.
April 25, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
BASF got off to a solid start in the first quarter of 2024. Sales in the first quarter of 2024 amounted to €17.6 billion, €2.4 billion below the figure of the prior-year quarter. This decline in sales was mainly driven by considerably reduced prices as a result of lower raw materials and energy prices in almost all segments as well as lower precious metal prices in the Surface Technologies segment. Negative currency effects contributed to the sales decrease in all segments. Considerable gr...
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