BASF (BAS GY) FY (EUR): Sales 59.7bln (exp. 60.7bln), Adj. EBITDA 6.6bln (exp. 6.87bln), EBIT 1.6bln, Net income 1.6bln, FCF 1.3bln

• FY FCF -600mln.
• FY adj. EBITDA 6.6bln (exp. 7.35bln).

BASF reported FY sales and adjusted EBITDA below expectations, indicating weaker operational performance relative to market forecasts. The notably lower guidance for free cash flow and adjusted EBITDA signals potential challenges ahead and may negatively impact investor sentiment, particularly in the diversified chemicals sector where margins are under pressure.