BASF outlines new corporate strategy with EUR12B shareholder distributions

BASF SE has unveiled its updated corporate strategy, which includes maintaining a high level of shareholder distributions through dividends and share buybacks, amounting to at least EUR12 billion (USD13.4 billion) between 2025 and 2028. Germany’s chemical giant also plans to set annual dividends of at least EUR2.25 (USD2.46) per share, starting with the 2024 fiscal year.

As part of the strategy, BASF has set new financial targets, aiming for EBITDA before special items to reach between EUR10 billion (USD11.1 billion) and EUR12 billion (USD13.4 billion) by 2028. The company also anticipates generating a cumulative free cash flow of more than EUR12 billion (USD13.4 billion) from 2025 to 2028. BASF’s strategy focuses on strengthening its core businesses, such as Chemicals, Materials, Industrial Solutions, and Nutrition & Care, while considering portfolio adjustments for standalone businesses like Battery Materials and Environmental Catalyst Solutions.

These moves are supported by BASF’s solid balance sheet and strong cash flows, positioning the company for long-term growth and sustainability.