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BASF's Q1 EBITDA Beats Estimates, 2024 Outlook Holds Firm on Cost Reductions

Story Thread|Consumer Sector Q4 Performance Mixed

Araverus Team|Friday, February 27, 2026 at 6:58 AM

BASF's Q1 EBITDA Beats Estimates, 2024 Outlook Holds Firm on Cost Reductions

Araverus Team

Feb 27, 2026 · 6:58 AM

BASF · Chemicals · Cost Savings · Q1 Earnings

BASF Chemicals Cost Savings Q1 Earnings

BASF reported a 12% decline in sales to EUR 17.6 billion for Q1 2024, primarily due to lower sales prices, although volumes saw a slight increase of 0.5%.

The company's EBITDA before special items was EUR 2.7 billion, slightly below the prior year but exceeding analyst expectations. Despite the sales dip, BASF maintained its 2024 outlook, expecting EBITDA between EUR 8.0 billion and EUR 8.6 billion.

The company is actively pursuing cost-saving measures, targeting EUR 700 million in annual savings by 2026, and plans to adjust its European production network. While some segments showed improved earnings due to cost reductions and higher volumes, others faced declines, particularly in emission catalysts and agricultural solutions.

The company's net income for the quarter was EUR 1.4 billion, with free cash flow at negative EUR 1.5 billion, typical for Q1 due to business seasonality.

Thread Timeline: Consumer Sector Q4 Performance Mixed

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BASF's Q1 EBITDA Beats Estimates, 2024 Outlook Holds Firm on Cost Reductions(current)

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Read More On

BASF Swings to Net Profit on Accelerated Cost Savingswsj.com

Earnings call: BASF maintains 2024 outlook despite Q1 sales dip - Investing.cominvesting.com

BASF Reports Strong Q4 Net Profit Amid Cost-Cutting Measures - GuruFocusgurufocus.com

Chemetall Limited - BASFbasf.com

BASF’s new strategy aims for both profitable and CO2-neutral growth - BASFbasf.com

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