BASF slips after 'touch below' Q1 as US tariffs bring further uncertainty

Shares in BASF BASFn.DE slip about 1% as it warns of U.S. tariffs bringing outlook uncertainties after a slightly below-expectations Q1 print

BASF says developments going forward will largely depend on the trade policy decisions made

It posts quarterly revenue of 17.4 billion euros ($19.7 billion) vs 17.6 billion euros in a company-provided poll, and EBITDA of 2.2 billion vs 2.4 billion euros in consensus

"Q1 sales and EBITDA came in a touch below," a local trader says

"Since Q1 ended before the 'Liberation Day' and the first quarter is usually supported by an inventory restocking, the volumes are quite a bit lower than we had expected," Baader Helvea says

The broker says BASF should see some tailwind from more favourable input prices, while volumes could further weaken over Q2

The stock is among the worst performers of Germany's blue-chip index .GDAXI, which is up 1.6%

($1 = 0.8830 euros)