巴斯夫2025业绩发布

Core Viewpoint - BASF's preliminary data for 2025 indicates a slight increase in sales volume but faces pressure from negative currency effects and declining sales prices, with expected sales of €59.7 billion compared to €61.4 billion in 2024, excluding discontinued coatings business [1] Financial Performance - The expected EBITDA for 2025 is €6.6 billion, lower than the previously projected range of €6.7 billion to €7.1 billion, and down from €7.2 billion in 2024 [1] - Free cash flow for 2025 is projected at €1.3 billion, significantly higher than the analyst average expectation of €0.6 billion and above BASF's prior forecast range of €0.4 billion to €0.8 billion [1] - Operating cash flow is expected to be €5.6 billion in 2025, down from €6.9 billion in 2024, primarily due to increased trading positions from rising precious metal prices [1] Earnings Outlook - EBIT for 2025 is anticipated to be €1.6 billion, below analyst expectations of €2.2 billion and lower than €1.8 billion in 2024 [2] - Net income for 2025 is projected at €1.6 billion, exceeding analyst expectations of €1.2 billion and higher than €1.3 billion in 2024, driven by increased earnings from Wintershall Dea [2]