Live Updates > Live Update Details
2025-10-29 17:39:03
[BASF's Metals Trading Profits Trigger 3% Share Price Surge] ⑴ BASF's adjusted EBITDA for the third quarter fell 4.8% to €1.54 billion, but still slightly exceeded market expectations of €1.5 billion. ⑵ The financial results included the performance of the coatings business, which was agreed to be sold this month, and the actual performance exceeded analysts' consensus expectations. ⑶ The share price rose 3% to a three-week high in early trading, mainly driven by better-than-expected results and the early implementation of the share buyback program. ⑷ The company announced on Tuesday evening that it would implement its previously announced share buyback program ahead of schedule, a move earlier than the market expected. ⑸ The unexpected resilience in profitability stemmed in part from the strong performance of its precious metals trading business, which uses metals in the production of catalytic converters. ⑹ BASF warned that the overall market environment remains challenging, with customers maintaining a cautious purchasing attitude in almost all industries and regions. ⑺ The company lowered prices in areas such as basic chemicals, industrial materials, and agricultural products, with only the surface technologies and nutrition and care divisions implementing price increases. ⑻ BASF adjusted its full-year guidance, expecting EBITDA before special items to be in the range of €6.7 billion to €7.1 billion.
