Investor Releases

The coatings transaction between Carlyle and BASF announced on October 10, 2025, was completed on June 30, 2026, following receipt of all required regulatory approvals.

After the swift and almost complete carve-­out of its standalone businesses, BASF is focusing on strength­ening and growing its core businesses in the next phase of its “Winning Ways” strategy. The newly established Core Transformation Office, led by Julia Raquet (50), President, drives the implementation of cross-unit transformation projects across all core businesses, service units and corporate center units. The program, launched as “CoreShift,” aims to achieve up to 20 % net cash fixed cost savings in the core by 2029, compared with the 2024 baseline. In her new role, Julia Raquet reports directly to Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE.

BASF Group’s business recorded solid volume growth in the first quarter of 2026, driven by China and, since March, significantly shaped by the conflict in the Middle East. “In this demanding market environment, BASF demonstrated resilience and achieved EBITDA before special items of €2.4 billion compared with €2.5 billion in the prior-year quarter,” said Chief Financial Officer Dr. Dirk Elvermann at the presentation of the quarterly figures in advance of the BASF Annual Shareholders’ Meeting taking place today at the Congress Center Rosengarten in Mannheim, Germany. Overall, sales declined slightly due to strong adverse currency effects and slightly lower prices. In a conference call for analysts and investors, Elvermann said: “Disregarding the currency headwinds of more than €100 million, EBITDA before special items would have reached the level of the prior-year quarter.”

The Annual Shareholders’ Meeting of BASF SE takes place on April 30, 2026, as of 10.00 a.m. (CEST). On the same day, BASF will publish its Quarterly Statement and News Release on the first quarter 2026 at 7.00 a.m. (CEST).