Chemistry: BASF raises earnings forecast for 2026 again - quarter better than expected
The company is benefiting from the restructuring and further price increases in the third quarter. However, another topic is currently dominating - the fight for a competitor.
BASF has raised its profit forecast for the second time this year, citing benefits from the Iran war and increased sales prices. The company's adjusted operating result (Ebitda) rose 15% to 1.64 billion euros in the third quarter. BASF's CEO, Markus Kamieth, expressed interest in acquiring competitor Evonik, describing a potential merger as a "strong German response to global competition". The company now expects an adjusted profit of 7.4-7.8 billion euros for 2026, up from the previous forecast of 6.9-7.7 billion euros.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
