• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

BASF shares indicated 3% lower as impairments drag earnings lower

by January 27, 2025
written by January 27, 2025

(Reuters) – Shares in BASF fell 3% in early Frankfurt trading after the chemical company late on Friday reported write-downs and a drop in annual earnings below estimates.

According to preliminary figures, 2024 earnings before interest and taxes fell to 2 billion euros ($2.09 billion), missing Vara’s analyst consensus of 3.2 billion euros, also falling below the 2023 figure.

Full-year operating profit was dragged lower by impairments at its battery materials business and by restructuring costs across divisions, the company said.

BASF is scheduled to report its full-year results on February 28.

Shares are among worst performers of the German blue-cap index in early Frankfurt trade.

($1 = 0.9561 euros)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Lawyer group urges overhaul of US bank charter process to encourage new entrants
next post
How Italy’s MPS went from near collapse to bid for revered merchant bank

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025

Lawyer group urges overhaul of US bank charter...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025
    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

      May 29, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (489)
    • Stock (6,426)

    Latest News

    • U.S. foreign tax bill sends jitters across Wall Street
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

    Popular News

    • Rosy wage outlook, weak yen drawing BOJ attention to inflation risks
    • Meta announces 5% cuts in preparation for ‘intense year.’ Read the internal memo.

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy