Urgent.News

What's breaking now, across thousands of outlets.

Business

Chemie: BASF hebt erneut Ergebnisprognose 2026 an – Quartal besser als erwartet

Das Unternehmen profitiert im dritten Quartal vom Umbau und von weiteren Preiserhöhungen. Derzeit überwiegt allerdings ein anderes Thema – das Ringen um einen Konkurrenten.

Original German Read in English

Chemie: BASF hebt erneut Ergebnisprognose 2026 an – Quartal besser als erwartet

Frankfurt-based chemical giant BASF announced on Wednesday that its third-quarter earnings had significantly exceeded analysts' expectations, driven by higher prices and increased production volumes. The company's adjusted operating profit (Ebitda) rose by 15% to 1.64 billion euros, surpassing the average estimate of 1.495 billion euros. The company's revenue also climbed by 14% to nearly 16.4 billion euros.

BASF has once again raised its 2026 earnings targets in light of the strong performance in its core businesses. The German DAX-listed company now projects a normalized profit for 2026 between 7.4 and 7.8 billion euros, up from the previous range of 6.9 to 7.7 billion euros. To combat the global chemical industry crisis, BASF is implementing a restructuring plan, cost-cutting measures, and job cuts.

However, the focus for investors remains the intense rivalry with rival Evonik, which was announced publicly at the end of September. According to informed sources, BASF has recently increased its takeover offer to 24 euros per share, valuing the Essen-based speciality chemicals company at around 11 billion euros, as reported by the Handelsblatt.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Wednesday 28 October →