Finance
BASF 2024 earnings miss estimate by 1 billion euros on impairments
Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
BASF's 2024 earnings fell short by 1 billion euros due to impairments and restructuring costs, with earnings before interest and taxes at 2 billion euros.
(Reuters) - Germany's top chemical maker BASF reported a drop in annual earnings below estimates on Friday, weighed by impairments on battery materials in its surface technologies unit and restructuring costs.
According to preliminary figures, 2024 earnings before interest and taxes fell to 2 billion euros ($2.10 billion), missing Vara's consensus of 3.2 billion euros, also falling below the 2023 figure.
($1 = 0.9513 euros)
(Reporting by Andrey Sychev, Editing by Louise Heavens)
The article discusses BASF's 2024 earnings falling short of estimates by 1 billion euros due to impairments and restructuring costs.
BASF's earnings missed estimates due to impairments on battery materials and restructuring costs.
BASF's earnings before interest and taxes were 2 billion euros in 2024.
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