BASF confirms outlook but warns uncertainty from trade duties is high
ReutersMay 2, 2025 5:00 AM
FRANKFURT, May 2 (Reuters) - German chemicals giant BASF BASFn.DE on Friday reaffirmed its full-year earnings guidance but warned the outlook was fraught with high uncertainty because of U.S. tariffs and any reactions to them by other countries.
"Developments going forward will largely depend on the trade policy decisions made by the United States and its trading partners. A reliable quantification of the impact on the global economy is not possible at this time," BASF said in a statement.
The group reiterated it was targeting 2025 earnings before interest, taxes, depreciation and amortisation (EBITDA) and adjusted for one-off items of between 8 billion euros ($9 billion) and 8.4 billion euros.
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