Further Indicators of Results of Operations
Please note
The audited BASF Report will be published on March 21, 2025. The key financial figures published here are therefore to be regarded as preliminary. From today's perspective, no adjustments are expected.
The content of this section is not part of the statutory audit of the annual financial statements but has undergone a separate limited assurance by our auditor.
The content of this section is voluntary, unaudited information, which was critically read by the auditor.
We also use alternative performance measures (APMs) to steer the BASF Group. Investors, analysts and rating agencies use them to assess our performance. These are not defined in IFRS®. As such, the methods of calculation may differ from those used by other companies. Alternative performance measures for the results of operations are EBIT, EBITDA, the EBITDA margin before special items and adjusted earnings per share. Other APMs are net debt, (for more information, see Financial Position) and capital expenditures.
At the start of the 2024 business year, we introduced EBITDA before special items and free cash flow as new most important key performance indicators for the short- and medium-term steering of the BASF Group. For a detailed explanation of how these indicators are calculated, see Our Steering Concept.
Million € |
|
2024 |
2023 |
|
|---|---|---|---|---|
EBIT |
|
2,033 |
2,240 |
|
– |
Special items |
|
–1,878 |
–1,566 |
EBIT before special items |
|
3,911 |
3,806 |
|
+ |
Depreciation and amortization |
|
3,872 |
3,798 |
+ |
Impairments and reversals of impairments on property, plant and equipment and intangible assets before special items |
|
74 |
67 |
Depreciation, amortization, impairments and reversals of impairments on property, plant and equipment and intangible assets before special items |
|
3,946 |
3,865 |
|
EBITDA before special items |
|
7,858 |
7,671 |
|
Sales |
|
65,260 |
68,902 |
|
EBITDA margin before special items |
% |
12.0 |
11.1 |
|
Million € |
|
2024 |
2023 |
|
|---|---|---|---|---|
EBIT |
|
2,033 |
2,240 |
|
+ |
Depreciation and amortization |
|
3,872 |
3,798 |
+ |
Impairments and reversals of impairments on property, plant and equipment and intangible assets |
|
776 |
1,143 |
Depreciation, amortization, impairments and reversals of impairments on property, plant and equipment and intangible assets |
|
4,648 |
4,941 |
|
EBITDA |
|
6,681 |
7,180 |
|
Compared with earnings per share, the adjusted earnings per share are firstly adjusted for special items. Amortization, impairments and reversals of impairments on intangible assets are then eliminated. Amortization of intangible assets primarily results from the purchase price allocation following acquisitions and is therefore of a temporary nature. The effects of these adjustments on income taxes and on noncontrolling interests are also considered. This makes adjusted earnings per share a suitable measure for making comparisons over time and predicting future profitability.
In 2024, adjusted earnings per share amounted to €3.51, compared with €2.78 in the previous year.
Million € |
|
2024 |
2023 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income after taxes |
|
1,453 |
379 |
|||||||||||
– |
Special itemsa |
|
–1,492 |
–1,811 |
||||||||||
+ |
Amortization, impairments and reversals of impairments on intangible assets |
|
670 |
879 |
||||||||||
– |
Amortization, impairments and reversals of impairments on intangible assets contained in special items |
|
77 |
257 |
||||||||||
– |
Adjustments to income taxes |
|
223 |
171 |
||||||||||
Adjusted income after taxes |
|
3,315 |
2,640 |
|||||||||||
– |
Adjusted noncontrolling interests |
|
183 |
156 |
||||||||||
Adjusted net income |
|
3,132 |
2,484 |
|||||||||||
Weighted average number of outstanding sharesb |
in thousands |
892,522 |
892,641 |
|||||||||||
Adjusted earnings per share |
€ |
3.51 |
2.78 |
|||||||||||
|
||||||||||||||
Million € |
|
2024 |
2023 |
+/– |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales |
|
65,260 |
68,902 |
–5.3% |
||||||||
EBITDA before special items |
|
7,858 |
7,671 |
2.4% |
||||||||
Special items in EBITDA |
|
–1,176 |
–490 |
–139.9% |
||||||||
EBITDA |
|
6,681 |
7,180 |
–7.0% |
||||||||
EBITDA margin before special items |
% |
12.0 |
11.1 |
– |
||||||||
Depreciation and amortizationa |
|
4,648 |
4,941 |
–5.9% |
||||||||
EBIT before special items |
|
3,911 |
3,806 |
2.8% |
||||||||
Special items in EBIT |
|
–1,878 |
–1,566 |
–19.9% |
||||||||
EBIT |
|
2,033 |
2,240 |
–9.2% |
||||||||
Income before income taxes |
|
2,069 |
1,420 |
45.7% |
||||||||
Income after taxes |
|
1,453 |
379 |
283.3% |
||||||||
Net income |
|
1,298 |
225 |
475.8% |
||||||||
Earnings per share |
€ |
1.45 |
0.25 |
475.9% |
||||||||
Adjusted earnings per share |
€ |
3.51 |
2.78 |
26.1% |
||||||||
|
||||||||||||
Million € |
|
Q1 |
Q2 |
Q3 |
Q4 |
Full year |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales |
|
17,553 |
16,111 |
15,739 |
15,856 |
65,260 |
||||||||||||
EBITDA before special items |
|
2,712 |
1,957 |
1,622 |
1,567 |
7,858 |
||||||||||||
Special items in EBITDA |
|
–57 |
–394 |
–345 |
–380 |
–1,176 |
||||||||||||
EBITDA |
|
2,655 |
1,563 |
1,277 |
1,187 |
6,681 |
||||||||||||
EBITDA margin before special items |
% |
15.4 |
12.1 |
10.3 |
9.9 |
12.0 |
||||||||||||
Depreciation and amortizationb |
|
965 |
1,047 |
1,027 |
1,609 |
4,648 |
||||||||||||
EBIT before special items |
|
1,754 |
969 |
635 |
554 |
3,911 |
||||||||||||
Special items in EBIT |
|
–64 |
–453 |
–385 |
–976 |
–1,878 |
||||||||||||
EBIT |
|
1,689 |
516 |
250 |
–422 |
2,033 |
||||||||||||
Income before income taxes |
|
1,772 |
398 |
570 |
–671 |
2,069 |
||||||||||||
Income after taxes |
|
1,411 |
470 |
343 |
–770 |
1,453 |
||||||||||||
Net income |
|
1,368 |
430 |
287 |
–786 |
1,298 |
||||||||||||
Earnings per share |
€ |
1.53 |
0.48 |
0.32 |
–0.88 |
1.45 |
||||||||||||
Adjusted earnings per share |
€ |
1.68 |
0.93 |
0.32 |
0.59 |
3.51 |
||||||||||||
|
||||||||||||||||||
Million € |
|
Q1 |
Q2 |
Q3 |
Q4 |
Full year |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales |
|
19,991 |
17,305 |
15,735 |
15,871 |
68,902 |
||||||||||||
EBITDA before special items |
|
2,864 |
1,944 |
1,545 |
1,317 |
7,671 |
||||||||||||
Special items in EBITDA |
|
–54 |
–37 |
–182 |
–217 |
–490 |
||||||||||||
EBITDA |
|
2,811 |
1,908 |
1,363 |
1,099 |
7,180 |
||||||||||||
EBITDA margin before special items |
% |
14.3 |
11.2 |
9.8 |
8.3 |
11.1 |
||||||||||||
Depreciation and amortizationb |
|
944 |
934 |
969 |
2,094 |
4,941 |
||||||||||||
EBIT before special items |
|
1,931 |
1,007 |
575 |
292 |
3,806 |
||||||||||||
Special items in EBIT |
|
–65 |
–33 |
–181 |
–1,287 |
–1,566 |
||||||||||||
EBIT |
|
1,867 |
974 |
394 |
–995 |
2,240 |
||||||||||||
Income before income taxes |
|
1,930 |
851 |
–38 |
–1,323 |
1,420 |
||||||||||||
Income after taxes |
|
1,604 |
555 |
–209 |
–1,571 |
379 |
||||||||||||
Net income |
|
1,562 |
499 |
–249 |
–1,587 |
225 |
||||||||||||
Earnings per share |
€ |
1.75 |
0.56 |
–0.28 |
–1.78 |
0.25 |
||||||||||||
Adjusted earnings per share |
€ |
1.93 |
0.72 |
0.32 |
–0.18 |
2.78 |
||||||||||||
|
||||||||||||||||||
These contents fulfill the disclosure requirements of the European Sustainability Reporting Standards (ESRS).