Investor Releases

To align the company’s green power supply and demand, BASF is streamlining its current portfolio of renewable power projects. Accordingly, BASF has decided to sell its 49 percent equity share in the Nordlicht 1 and 2 wind farms back to Vattenfall. In parallel, BASF continues the collaboration with Vattenfall by securing a long-term supply of renewable power for BASF’s chemical production in Europe – at a time when such additional supply will be needed.

Ludwigshafen – March 21, 2025 – Today, BASF has published its audited annual report for the business year 2024. It contains all key financial figures and comprehensively documents BASF’s environmental, social and governance performance. It shows how the company creates value for its stakeholders and how sustainability contributes to BASF’s long-term success.

In a challenging market environment, BASF Group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased in the full year 2024 to €7.9 billion. “We performed well thanks to the strong performance of our core businesses, which increased their EBITDA before special items by 18 percent compared with 2023,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, when presenting the financial figures for 2024 together with Chief Financial Officer Dr. Dirk Elvermann. Overall, there was a 2 percent rise in EBITDA before special items of the BASF Group. In the core businesses, EBITDA before special items grew considerably, mainly because of higher volumes. This was partly offset by earnings declines in the standalone businesses. In the Agricultural Solutions segment, EBITDA before special items declined considerably, mainly as a result of developments in the glufosinate-ammonium business. The steep drop in precious metal prices and lower sales volumes in the Catalysts division were the main reasons for the slight earnings decline in Surface Technologies. The EBITDA margin before special items of BASF Group reached 12.0 percent, compared with 11.1 percent in the previous year. Excluding the revenues from precious and base metals, the EBITDA margin before special items of BASF Group rose from 12.6 percent in 2023 to 13.1 percent in 2024.

On Friday, February 28, 2025, the Annual Press Conference of BASF SE will be held in Ludwigshafen, Germany. At 11.00 a.m. (CET) BASF’s Chairman of the Board of Executive Directors Dr. Markus Kamieth and CFO Dr. Dirk Elvermann will present the 2024 financial results. The conference will be transmitted via the internet.

BASF and Sherwin-Williams have signed an agreement on the sale of the Brazilian decorative paints business, which is part of BASF’s Coatings division. The purchase price on a cash and debt-free basis is $1.15 billion. The transaction is structured as a share deal and includes the production sites in Demarchi and Jaboatão, related contracts, the Suvinil and Glasu! brands, and the around 1,000 employees. The divestiture is expected to close in the second half of 2025, subject to the approval of the relevant competition authorities.