BASF Reports Q2 Non-GAAP EPS of €1.28, Revenue Rises to €17.21 Billion
Chemical giant BASF SE reported second-quarter non-GAAP earnings per share (EPS) of €1.28 and revenue of €17.21 billion in Q2 2024, representing a year-over-year increase of 16.4%. The company attributed the strong performance to higher demand across key markets and improved operational efficiency. BASF updated its full-year outlook for 2026 but maintained unchanged guidance on free cash flow despite mixed investor reactions. Additionally, it highlighted strategic investments in China, including the launch of a new Verbund site in Zhanjiang, signaling long-term growth ambitions in Asia. The company also warned that potential conflicts in the Middle East could disrupt supply chains and lead to shortages affecting the automotive sector.
Tickers: $BASFY
Topics: Earnings Guidance Revenue Growth Strategic Investment