Basf Se S/Adr (BASFY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to BASF's Conference Call for Analysts and Investors on the Second Quarter Results. 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 CEO, Markus Kmet and CFO, Dirk Ebermann. Please be aware that we have already posted the speech on our website at basf.com/q2206. Now I would like to hand over to Markus. Yes. Thanks, Stephie, and good morning, everyone. Happy that Dirk and I can welcome you today to our Q2 conference call. We pre released second quarter results already as our EBITDA before special items considerably exceeded consensus expectations. Stronger prices and higher volumes as well as lower cash fixed costs drove earnings growth in all but one segment. We strengthened our position in the market and advanced our restructuring as well as portfolio measures. You may recall our priorities for 2026, which I presented during the full year conference call in February. Today, I am pleased to share that we have achieved major progress in all three areas. We are successfully implementing our Winning W...