BASF Group releases its financial figures of 2024. The group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased to EUR 7.9 billion in 2024.

Dr. Markus Kamieth (left), Chairman of the Board of Executive Directors, and Dr. Dirk Elvermann, Chief Financial Officer, at the Annual Press Conference for 2024.

With strong performance in core businesses, the EBITDA before special items in 2024 increased 18% compared to that in 2023. In the core businesses, EBITDA before special items grew considerably, mainly because of higher volumes. In the Agricultural Solutions segment, EBITDA before special items declined considerably, mainly as a result of developments in the glufosinate-ammonium business.

Overall, there was a 2% rise in EBITDA before special items of the BASF Group.

Sales in 2024 stood at EUR 65.3 billion, compared with EUR 68.9 billion in the previous year. This is resulted by considerable volume increases in the core businesses, coupled with slight volume growth in Agricultural Solutions. The overall decline in sales, however, was mainly due to competition-driven price decreases in all segments.

EBITDA amounted to EUR 6.7 billion, compared with EUR 7.2 billion in the prior-year period. EBIT came in at EUR 2.0 billion, down on the prior-year figure by EUR 206 million.

Net income came in at EUR 1.3 billion, compared with EUR 225 million in 2023. Net income from shareholdings increased by EUR 798 million to EUR 598 million. This was mainly due to the improved earnings of non-integral companies accounted for using the equity method. This was particularly due to a disposal gain of EUR 390 million related to the sale of Wintershall Dea assets to Harbour Energy.

BASF Group’s outlook for 2025

In 2025, the BASF Group’s EBITDA before special items is expected to increase to between EUR 8.0-8.4 billion. All segments, with the exception of Chemicals, are likely to contribute to the increase in earnings. In particular, earnings in the Petrochemicals division will be impacted by rising fixed costs in connection with the startup of the new Verbund site in China and scheduled turnarounds.

CO2 emissions are expected to be about 16.7-17.7 million metric tons in 2025 (2024: 17.0 million metric tons). The company anticipates additional emissions compared with the previous year from higher forecast production volumes based on rising demand. BASF will counteract this increase with targeted measures to reduce emissions, such as increasing energy efficiency and optimizing processes, as well as continuing the shift to electricity from renewable energies. 

BASF Group releases its financial figures of 2024. The group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased to EUR 7.9 billion in 2024.

Dr. Markus Kamieth (left), Chairman of the Board of Executive Directors, and Dr. Dirk Elvermann, Chief Financial Officer, at the Annual Press Conference for 2024.

With strong performance in core businesses, the EBITDA before special items in 2024 increased 18% compared to that in 2023. In the core businesses, EBITDA before special items grew considerably, mainly because of higher volumes. In the Agricultural Solutions segment, EBITDA before special items declined considerably, mainly as a result of developments in the glufosinate-ammonium business.

Overall, there was a 2% rise in EBITDA before special items of the BASF Group.

Sales in 2024 stood at EUR 65.3 billion, compared with EUR 68.9 billion in the previous year. This is resulted by considerable volume increases in the core businesses, coupled with slight volume growth in Agricultural Solutions. The overall decline in sales, however, was mainly due to competition-driven price decreases in all segments.

EBITDA amounted to EUR 6.7 billion, compared with EUR 7.2 billion in the prior-year period. EBIT came in at EUR 2.0 billion, down on the prior-year figure by EUR 206 million.

Net income came in at EUR 1.3 billion, compared with EUR 225 million in 2023. Net income from shareholdings increased by EUR 798 million to EUR 598 million. This was mainly due to the improved earnings of non-integral companies accounted for using the equity method. This was particularly due to a disposal gain of EUR 390 million related to the sale of Wintershall Dea assets to Harbour Energy.

BASF Group’s outlook for 2025

In 2025, the BASF Group’s EBITDA before special items is expected to increase to between EUR 8.0-8.4 billion. All segments, with the exception of Chemicals, are likely to contribute to the increase in earnings. In particular, earnings in the Petrochemicals division will be impacted by rising fixed costs in connection with the startup of the new Verbund site in China and scheduled turnarounds.

CO2 emissions are expected to be about 16.7-17.7 million metric tons in 2025 (2024: 17.0 million metric tons). The company anticipates additional emissions compared with the previous year from higher forecast production volumes based on rising demand. BASF will counteract this increase with targeted measures to reduce emissions, such as increasing energy efficiency and optimizing processes, as well as continuing the shift to electricity from renewable energies.