Investors
Full-Year 2023 Reporting on February 23, 2024
Dear newsletter subscriber,
We are pleased to send you the latest edition of BASF’s Investor Relations Magazine. We publish this electronic journal four times a year after the reporting dates. You will continue to receive important news releases by e-mail as soon as they are published.
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Your Investor Relations Team
Latest Publication
BASF’s financial strength supports proposed stable dividend of €3.40 per share for the 2023 business year
- EBITDA before special items: €7.7 billion (minus 28.7 percent)
- Cash flows from operating activities of €8.1 billion (plus 5.2 percent); free cash flow of €2.7 billion (minus 18.5 percent)
Outlook 2024:
- EBITDA before special items of between €8.0 billion and €8.6 billion expected
- Free cash flow of between €0.1 billion and €0.6 billion expected due to temporarily higher capital expenditures
- Further program for Ludwigshafen site announced, targeting annual cost savings of €1 billion by the end of 2026
BASF on the capital market
Proposed dividend of €3.40 per share
A dividend of €3.40 per share, equal to the prior-year level, will be proposed to the Annual Shareholders’ Meeting, representing a payment of €3.0 billion to shareholders of BASF SE.
With this proposed dividend, BASF shares offer a high dividend yield of 7.0% based on the year-end share price for 2023. BASF is part of the DivDAX share index, which contains the 15 companies with the highest dividend yield in the DAX 40.
Broad base of international shareholders
With over 900,000 shareholders, BASF is one of the largest publicly owned companies with a high free float. An analysis of the shareholder structure carried out at the end of 2023 showed that, at around 18% of share capital, the United States and Canada made up the largest regional group of institutional investors. Institutional investors from Germany accounted for 4%. Institutional investors from the United Kingdom and Ireland hold 8% of BASF shares, while investors from the rest of Europe hold a further 10% of capital. Approximately 47% of the company’s share capital is held by private investors, nearly all of whom reside in Germany. BASF is therefore one of the DAX 40 companies with the largest percentage of private shareholders.
