BASF Reports Stronger Core Business Performance
Annual Press Conference for the full year 2024, Dr. Dirk Elvermann, Chief Financial Officer (left), Dr. Markus Kamieth, Chairman of the Board of Executive Directors (center). Photo: BASF SE
BASF Group reported an increase in EBITDA before special items to €7.9 billion for the full year 2024, driven by an 18% rise in core business performance. Growth in core businesses, primarily due to higher volumes, was partially offset by declines in standalone businesses. The EBITDA margin before special items improved to 12.0%, compared to 11.1% in 2023.
BASF’s 2024 financial performance included:
- Sales of €65.3 billion, reflecting strong volume growth in core businesses despite price-driven declines across segments
- EBIT of €2.0 billion, down €206 million from 2023
- Net income of €1.3 billion, significantly exceeding €225 million in 2023
- Free cash flow of €748 million, compared to €2.7 billion in 2023
The company proposed a €2.25 per share dividend for 2024 and reaffirmed its commitment to distributing at least €12 billion to shareholders from 2025 to 2028 through dividends and share buybacks.
For 2025, BASF expects EBITDA before special items to increase to €8.0 billion to €8.4 billion, with contributions from all segments except Chemicals. Free cash flow is projected between €0.4 billion and €0.8 billion.
To read the full financial report, visit BASF’s website.
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