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Finance

BASF 2024 earnings miss estimate by 1 billion euros on impairments

Published by Global Banking & Finance Review

Posted on January 24, 2025

1 min read

· Last updated: January 27, 2026

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The image shows the BASF logo alongside a financial report indicating a 1 billion euro earnings miss for 2024 due to impairments. This reflects BASF's challenges in the chemical sector, relevant to finance and investment news.

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(Reuters) - Germany's top chemical maker BASF reported a drop in annual earnings below estimates on Friday, weighed by impairments on battery materials in its surface technologies unit and

BASF's 2024 Earnings Miss Estimates by 1 Billion Euros

(Reuters) - Germany's top chemical maker BASF reported a drop in annual earnings below estimates on Friday, weighed by impairments on battery materials in its surface technologies unit and restructuring costs.

According to preliminary figures, 2024 earnings before interest and taxes fell to 2 billion euros ($2.10 billion), missing Vara's consensus of 3.2 billion euros, also falling below the 2023 figure.

($1 = 0.9513 euros)

(Reporting by Andrey Sychev, Editing by Louise Heavens)

Key Takeaways

BASF's 2024 earnings fell short by 1 billion euros.
Impairments on battery materials impacted results.
Restructuring costs contributed to lower earnings.
Earnings before interest and taxes were 2 billion euros.
Results fell below both 2023 figures and Vara's consensus.

Frequently Asked Questions

What is the main topic?

The article discusses BASF's 2024 earnings falling short of estimates by 1 billion euros due to impairments and restructuring costs.

Why did BASF's earnings miss estimates?

BASF's earnings missed estimates due to impairments on battery materials and restructuring costs.

How much were BASF's earnings before interest and taxes?

BASF's earnings before interest and taxes were 2 billion euros in 2024.

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