To gain more insights into our Q1 2025 results, please check the presentation from today's conference call for analysts and investors, shared by our CFO, Dirk Elvermann. #BASFreport #BASF_ASM
This morning, we published our Quarterly Statement for Q1 2025. BASF held its position in an increasingly challenging environment. EBITDA before special items was at about the level of the prior-year quarter and was in line with average analyst estimates. During our conference call for analysts and investors, I also discussed BASF’s manufacturing footprint and strategy in light of the recent market developments around the U.S. tariff announcements. We have production assets in all key regions worldwide. We produce locally for the local markets. This has always been an advantage for BASF, and especially in these challenging times it makes us more resilient than others and differentiates us from competitors. In Europe and North America, around 90 percent of BASF’s sales are generated with products manufactured in the respective region. In the United States, more than 80 percent of BASF’s sales in 2024 came from products manufactured in the country. In Asia Pacific and South America, the share was around 80 percent in 2024. This high proportion of local production is the reason why the direct impact of tariffs on BASF is likely to be limited. However, we must also consider indirect impacts resulting from market uncertainty and changes in demand from our customers in industries such as automotive and consumer goods. It remains difficult to assess the full impact of the current tariffs and counter-tariffs on BASF’s business at this point in time. In light of the volatile situation, the assumptions published in the BASF Report 2024 regarding the global economic environment in 2025 remain unchanged for the time being. The BASF Group’s forecast for the 2025 business year also remains unchanged. To gain more insights, please refer to the presentation from today’s telephone conference for analysts and investors, which I held together with Christian Jutzi. You can also find further information on the first quarter 2025 results on our IR website at https://lnkd.in/eeRvHnsv. #BASF #BASFreport #investorrelations
