BASF Q1 Report 2024

Sales amounted to €17,553 million, €2,439 million below the figure of the prior-year quarter (€19,991 million). This decline in sales was mainly driven by considerably reduced prices as a result of lower raw materials and energy prices in almost all segments as well as lower prices in precious metal trading in the Surface Technologies segment. Negative currency effects, mainly from the Chinese renminbi, contributed to the sales decrease in all segments. Slightly negative currency effects from the Turkish lira and the Argentine peso lowered sales in the Agricultural Solutions segment in particular. Considerable growth in sales volumes in the Chemicals, Materials, Nutrition & Care and Industrial Solutions segments had a positive impact on sales. This more than compensated for lower volumes in the Agricultural Solutions and Surface Technologies segments.

Highlights

Sales

• €17.6 billion (Q1 2023: €20.0 billion)

EBITDA before special items

• €2.7 billion  (Q1 2023: €2.9 billion)

Free cash flow

• -€1.5 billion (Q1 2023: -€1.9 billion)

EBITDA (before special items by segment)

• Chemicals 
• €453 million (Q1 2023: €426 million)
• Materials
• €508 million (Q1 2023: €448 million)
• Industrial Solutions 
• €332 million (Q1 2023: €300 million)
• Surface Technologies
• €356 million (Q1 2023: €402 million)