BASF Group's Q2 net income dropped 14% to €430m, while EBITDA before special items rose 0.6% to €1.96bn.
BASF Group reported a 14% drop in second-quarter net income to €430m, as sales fell 6.9% to €16.1bn. However, earnings before interest, taxes, depreciation, and amortization (EBITDA) before special items rose 0.6% to €1.96bn. The company remains on track to achieve its target of annual cost savings of €2.1bn by 2026. BASF's forecast for fiscal 2024 remains unchanged, with EBITDA before special items expected to range between €8bn and €8.6bn.
July 26, 2024
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