Overview
- BASF’s new strategy prioritizes growth in Asia, with China and its Zhanjiang site as key drivers, alongside six other high-growth markets expected to account for 80% of global chemical demand by 2035.
- The company reported a 0.9% decline in Q1 2025 revenue to €17.4 billion and a 40% drop in net profit to €808 million, while maintaining its full-year EBITDA guidance of €8.0–8.4 billion.
- BASF is mitigating risks from US tariffs through a high local production rate, with over 80% of its US sales generated from domestically produced goods and similar ratios in Asia and Europe.
- Cost-saving programs targeting €2.1 billion in annual savings by 2026 are progressing, with a reduced dividend of €2.25 per share approved for shareholders.
- Critics raise concerns over BASF’s heavy investment in China’s Guangdong province, warning of potential over-reliance on an autocratic regime following past losses in Russia.