Basf Se S/Adr (BASFY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. On behalf of BISF, I would like to welcome you to our conference call on the first quarter 2025. Today's presentation is being recorded. All participants will be in listen-only mode throughout. The presentation will be followed by a question and answer session. Today's presentation contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. forward-looking statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors. They involve various risks and uncertainties, and they are based on assumptions that may not prove to be accurate. BASF does not assume any obligation to update the forward-looking statements contained in this presentation above and beyond the legal requirements. With me on the call today are CFO Dirk Elbermann and Christian Jutzi, President of BASF's Corporate Finance Division. Please be aware that we have already posted the speech on our website at basf.com slash Q1 2025. Now, I would like to hand over to Dirk. Yeah, thank you, Steffi, and good morning, everyone. Christian Jutzi and I welcome you to our Q1 conference call for analysts and investors right before our annual shareholders meeting. In the first quarter of 2025, BASF held its position in an increasingly challenging environment. EBITDA before special items was at about the level of the prior year quarter and was in line with average analyst estimates. In a moment, we will provide you with details regarding our business development in the first three months of this year. But let's start by taking a look at BSF's manufacturing footprint and strategy in light of the recent market ...