Basf SE
BAS: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€17.00 | Jqsdnl | Gjfmvfpm |
BASF Earnings: Decelerating Customer Destocking Indicates End-Market Recovery Is Forthcoming
Narrow-moat BASF posted third-quarter results that reflect continued challenges from a sluggish global macroeconomic environment, as demand across end markets and geographies remains suppressed. Total sales declined 28% year over year and 9% sequentially, while firmwide EBITDA margin contracted 160 and 240 basis points over the same periods, respectively. Repressed volume demand and unfavorable pricing dynamics were key hindrances this quarter, exacerbated by unplanned downtime for two crackers in September.