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MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

(BAS)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 10/27 02:58:14 am
51.365 EUR   +0.32%
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BASF Confirms 2Q Results; Still Can't Provide Full-Year Outlook

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07/29/2020 | 03:09am EDT

By Kim Richters

BASF SE on Wednesday confirmed preliminary second-quarter results and said it still can't provide full-year guidance.

The German chemical company said its net loss for the period was 878 million euros ($1.03 billion) compared with a profit of EUR5.95 billion a year earlier, citing a noncash-effective impairment to subsidiary Wintershall Dea due to lower oil and gas prices and changed reserve estimates. Profit for the second quarter of 2019 was boosted by the spin-off of oil-and-gas business Wintershall.

Quarterly earnings before interest and taxes dropped to EUR59 million from EUR507 million, while EBIT before special items fell to EUR226 million from EUR995 million.

Sales fell to EUR12.68 billion from EUR14.48 billion mainly due to lower sales volumes as a result of coronavirus lockdown measures, BASF said.

Before the preliminary release, analysts had expected a quarterly net loss of EUR158 million, EBIT before special items of EUR146 million and sales of EUR11.08 billion, according to a consensus provided by Vara Research.

BASF said it still couldn't provide a full-year sales and earnings outlook due to economic uncertainty and low visibility.

It doesn't expect third-quarter EBIT before special items to improve significantly on quarter, partly due to generally lower demand in August.

 

Write to Kim Richters at kim.richters@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -2.05% 51.2 Delayed Quote.-23.98%
LONDON BRENT OIL 0.94% 40.84 Delayed Quote.-37.71%
WTI 0.87% 38.915 Delayed Quote.-36.11%
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Financials
Sales 2020 56 610 M 66 918 M 66 918 M
Net income 2020 -1 508 M -1 783 M -1 783 M
Net Debt 2020 15 386 M 18 187 M 18 187 M
P/E ratio 2020 -31,2x
Yield 2020 5,84%
Capitalization 47 026 M 55 573 M 55 589 M
EV / Sales 2020 1,10x
EV / Sales 2021 1,05x
Nbr of Employees 117 563
Free-Float 100%
Chart BASF SE
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Technical analysis trends BASF SE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 56,83 €
Last Close Price 51,20 €
Spread / Highest target 32,8%
Spread / Average Target 11,0%
Spread / Lowest Target -31,8%
EPS Revisions
Managers
NameTitle
Martin Brudermüller Chairman-Executive Board & CTO
Kurt Wilhelm Bock Chairman-Supervisory Board
Hans-Ulrich Engel CFO & Vice Chairman-Executive Board
Franz Fehrenbach Independent Member-Supervisory Board
Denise Schellemans Independent Member-Supervisory Board
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