Categories: World

BRIEF-BASF CEO: Focus In 2026 On Our Own Efficiency Improvement Measures – Capital Markets Update

Published by TSG Syndication

Oct 2 (Reuters) - BASF SE: * BASF SE - CFO: PLANNING FURTHER MONETIZATION OF OIL AND GAS, PROCEEDS FROM THE SALE OF HARBOUR ENERGY SHARES OVER TIME- CAPITAL MARKETS UPDATE * BASF SE - CFO: SMALL AND MEDIUM-SIZED ACQUISITIONS ARE AN OPTION, BUT NOTHING IS IMMINENT * BASF SE - CEO: VERY CONFIDENT ABOUT THE RECOVERY OF THE CHINESE MARKET * BASF SE - CEO: EXPECT UNCHANGED ADJUSTED EBITDA OF EUR 1.0 TO 1.2 BILLION FROM THE NEW VERBUND SITE IN ZHANJIANG IN 2030 * BASF SE - CEO: HAVE PROBLEMS IN THE CORE PORTFOLIO, ESPECIALLY WITH BUTANEDIOL, UPSTREAM POLYAMIDE, PLASTIC ADDITIVES AND VITAMINS. MEASURES IN THERE ARE TO ACHIEVE A PROFIT INCREASE OF 400 MILLION EUROS BY 2028 * BASF SE - CEO: HAVE REDUCED THE NUMBER OF EXECUTIVE POSITIONS BY 10% AND THE NUMBER OF EMPLOYEES BY 3000 SINCE 2024 * BASF SE - CEO: WE DO NOT EXPECT TOO MUCH MARKET GROWTH IN 2026; THE FOCUS IS ON OUR OWN EFFICIENCY IMPROVEMENT MEASURES * BASF SE - CEO: MOST OF OUR ASSETS WE HAVE IN EUROPE ARE COMPETITIVE AGAINST IMPORTS FROM CHINA * BASF SE - CFO: OVERALL FOR Q3 DON'T EXPECT A SIGNIFICANT SHORTFALL BUT DON'T EXPECT A RECOVERY * BASF SE - CFO: VERY CONFIDENT THAT AGRICULTURE BUSINESS WILL ACHIEVE THE TARGETS PLANNED AT THE BEGINNING OF THE YEAR Source text: Further company coverage: (Gdansk Newsroom) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication