BASF Group Half-Year Report 2024

“Overall, the development of EBITDA before special items in the second quarter of 2024 was in line with our expectations and the analyst consensus. We saw a continuation of the dynamics of the first quarter, marked by positive volume momentum across most of our businesses. There was still pressure on prices,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, when presenting the figures for the second quarter of 2024 together with Chief Financial Officer Dr. Dirk Elvermann.

Highlights

• Stronger earnings contribution from chemical businesses; considerable decline in earnings in Agricultural Solutions in difficult market environment
• Volumes increased 2.4 percent, excluding precious and base metals; prices remain under pressure
• Cost savings programs on track