BFFAF - BASF: Volume Recovery In Place
2024-04-26 05:09:15 ET
Summary
- BASF reported a solid start to the year with volume and EBITDA recovery.
- The company signed a purchase agreement for an offshore wind farm. This is a step in the right direction.
- Dividend confirmed, solid balance sheet, and positive perfomance make BASF a clear buy.
On 25/04/2024, BASF ( OTCQX:BASFY ) ( OTCQX:BFFAF ) reported its Q1 2024 results. For our new readers, BASF engages in a vast array of activities with over 80 business units across the globe. In a nutshell, the company has highly integrated operations in the Chemicals and Materials division, which allows the BASF to achieve significant operating leverage. These segments are governed by global supply/demand trends and are mainly commodities-driven. Agricultural Products, Industrial Solutions, and Nutrition & Care are demand-driven and require Research & Development support. Following the Wintershall Dea agreement , the company exited its non-core Oil and Gas activities (downstream area) and received $1.56 billion coupled with new shares from Harbour Energy....
BASF: Volume Recovery In Place