Outlook: Full-year 2023 revenue and EBIT before exceptional items are expected to be at the lower end of forecasts published in July.
The BASF Group’s forecast for the 2023 financial year, published in the 2023 Half-Year Financial Report, also remains unchanged:
- Turnover between €73 billion and €76 billion.
- EBIT before exceptional items between €4.0 billion and €4.4 billion.
- Return on invested capital (ROCE) between 6.5% and 7.1%.
- CO2 emissions between 17.0 million tons and 17.6 million tons.
BASF expects production in the global chemical industry to stabilize further in the fourth quarter of 2023. However, the macroeconomic outlook remains highly uncertain in the current interest rate policy environment and in light of increasing geopolitical risks. Rising raw material prices in particular could depress demand and margins.