Basf SE

BAS: XETR (DEU)
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BASF Earnings: We See Little Direct Tariff Impact but Some Secondary Risk From a Slowdown

BASF reported a first-quarter profit decline versus the prior-year quarter, driven by lower volumes and prices. Management maintained full-year guidance and cited little direct impact from tariffs. BASF shares were down slightly as the unchanged guidance came in below FactSet consensus estimates.

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