Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

(BAS)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/27 02:32:13 pm
50.225 EUR   -1.90%
12:50pCovestro reports third-quarter profit beat on strong Asia, furniture units
RE
06:05aBASF : Marko Grozdanovic appointed to head of Personal Care Europe business unit at BASF
PU
05:05aBASF : Third Quarter
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Wintershall expects to turn cash positive by end of year

share with twitter share with LinkedIn share with facebook
08/19/2020 | 06:56am EDT

German oil and gas company Wintershall Dea on Wednesday said it would end the year with a healthy cash balance as new low cost projects and cost cuts would enable it to stem a steep earnings drop.

Wintershall's earnings before interest, tax, depreciation, amortisation, and exploration expenses (EBITDAX) fell 63% to 254 million euros (229 million pounds) in the second quarter as the coronavirus pandemic hit economic activity, cutting fuel demand and prices. Adjusted net profit declined 73% to 90 million euros.

Production costs were, however, cut to $3.5 per boe in the second quarter from $4.1 in the same period in 2019.

"We will be able to finish in cash-flow positive territory and are pleased with our underlying performance," chief executive Mario Mehren said in a call with reporters.

Cash flow in the full year could amount to 100-200 million euros at current forward commodity prices, compared with minus 294 million euros in the second quarter, said chief financial officer Paul Smith.

Wintershall Dea said it has managed to preserve cash thanks to progress at Norwegian, Russian and Egyptian projects, adding that more low cost projects were in the pipeline for the next 18 months.

The company, BASF's oil and gas subsidiary, which merged with DEA last year, has a forecast for 2020 production to average 600,000-630,000 barrels of oil equivalent per day (BOE/D).

Output in April-June was 606,000 barrels BOE/D, broadly unchanged from 614,000 BOE/D a year earlier.

Wintershall Dea's parent group BASF slid to a net second-quarter loss as it took an 800 million euro impairment against its stake in the company.

It has postponed a plan to float the company to next year.

(Reporting by Vera Eckert; Editing by Michelle Martin and Elaine Hardcastle)


Stocks mentioned in the article
ChangeLast1st jan.
BASF SE -1.70% 50.33 Delayed Quote.-23.98%
LONDON BRENT OIL 1.88% 41.2 Delayed Quote.-37.71%
WTI 2.63% 39.575 Delayed Quote.-36.11%
share with twitter share with LinkedIn share with facebook
All news about BASF SE
12:50pCovestro reports third-quarter profit beat on strong Asia, furniture units
RE
06:05aBASF : Marko Grozdanovic appointed to head of Personal Care Europe business unit..
PU
05:05aBASF : Third Quarter
PU
10/26EQT kicks off sale of German facilities manager Apleona - sources
RE
10/26Nord Stream 2 pipe-laying vessel nears project hub
RE
10/23BASF SE : quaterly earnings release
10/21BASF SE : Morgan Stanley reiterates its Neutral rating
MD
10/21BASF : Advance Notice - Quarterly Statement 3rd Quarter 2020 Conference Call on ..
PU
10/19BASF SE : UBS sticks Neutral
MD
10/15Opportunity in Global Automotive Paint Market to Rise at 2.88% CAGR from 2020..
AQ
More news
Financials
Sales 2020 56 610 M 66 984 M 66 984 M
Net income 2020 -1 508 M -1 784 M -1 784 M
Net Debt 2020 15 386 M 18 205 M 18 205 M
P/E ratio 2020 -31,2x
Yield 2020 5,84%
Capitalization 47 026 M 55 573 M 55 644 M
EV / Sales 2020 1,10x
EV / Sales 2021 1,05x
Nbr of Employees 117 563
Free-Float 100%
Chart BASF SE
Duration : Period :
BASF SE Technical Analysis Chart | MarketScreener
Full-screen chart
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
Sector and Competitors
1st jan.Capitalization (M$)
BASF SE-23.98%55 573
SHIN-ETSU CHEMICAL CO., LTD.21.31%57 990
DUPONT DE NEMOURS, INC.-8.88%42 929
ROYAL DSM N.V.19.68%27 845
FMC CORPORATION5.55%13 651
ASAHI KASEI CORPORATION-23.57%12 623