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BASF raises profit forecast following strong third quarter
BASF has raised its 2026 adjusted EBITDA forecast to a range of EUR 7.4 billion to 7.8 billion, up from a previous estimate of EUR 6.9 billion to 7.7 billion. This adjustment follows a third quarter in which the company reported an operating profit of EUR 1.64 billion, exceeding analyst expectations.
Third quarter revenue grew 14.2 percent to EUR 16.36 billion, driven by a 12 percent increase in prices and a 2 percent rise in volume. The company noted that geopolitical developments, specifically the conflict in Iran, have benefited its performance by shifting customer demand from energy-dependent Asian competitors toward European companies.
Despite the strong quarterly results, BASF continues to undergo significant restructuring. Since the beginning of 2024, the company has reduced its global workforce by 8,600 jobs. BASF is also actively pursuing the acquisition of specialty chemicals producer Evonik, having increased its bid to EUR 24 per share, valuing the potential deal at approximately EUR 11 billion.
Entities
BASF · Dirk Elvermann · Evonik · JP Morgan Chase & Co. · Ludwigshafen · Markus Kamieth
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] Third quarter revenue grew 14.2 percent to EUR 16.36 billion. supertipp-online.de · www.european-coatings.com · www.farbeundlack.de · www.fehmarn24.de · www.kurierverlag.de · +9 more
- [● 6 SOURCES] The potential Evonik acquisition is valued at approximately EUR 11 billion. www.european-coatings.com · www.farbeundlack.de · www.ariva.de · www.wz.de · www.oslobodjenje.ba · +1 more
- [● 5 SOURCES] BASF has reduced its global workforce by 8,600 jobs since early 2024. supertipp-online.de · www.european-coatings.com · www.farbeundlack.de · www.volksfreund.de · www.oslobodjenje.ba
- [● 6 SOURCES] BASF increased its bid for Evonik to EUR 24 per share. www.european-coatings.com · www.farbeundlack.de · www.ariva.de · www.wz.de · www.oslobodjenje.ba · +1 more
- [● 11 SOURCES] BASF's third quarter operating profit was EUR 1.64 billion. supertipp-online.de · www.european-coatings.com · www.farbeundlack.de · www.fehmarn24.de · www.kurierverlag.de · +6 more
- [● 10 SOURCES] The Iran conflict has shifted customer demand toward European companies. supertipp-online.de · www.european-coatings.com · www.farbeundlack.de · www.fehmarn24.de · www.kurierverlag.de · +5 more
- [● 5 SOURCES] BASF currently employs approximately 93,000 people worldwide. supertipp-online.de · www.european-coatings.com · www.farbeundlack.de · www.volksfreund.de · www.kurierverlag.de
- [● 19 SOURCES] BASF raised its 2026 adjusted EBITDA forecast to EUR 7.4-7.8 billion. supertipp-online.de · www.european-coatings.com · www.farbeundlack.de · www.fehmarn24.de · www.kurierverlag.de · +11 more