BASF SE (BAS) Earnings Call Transcripts
BASF SE's Latest Earnings Call - June 8, 2026
BASF SE's earnings call for Q2 2026 focused on the successful startup of their Zhanjiang Verbund site in China, marking the largest single investment in the company's history. The site is expected to drive significant growth, with sales projected to reach EUR 4-5 billion and EBITDA between EUR 1-1.2 billion by 2030. For 2026, BASF anticipates a slightly negative EBITDA due to startup costs, but expects positive contributions from 2027 onwards. Revenue from Greater China reached EUR 8.2 billion, excluding joint ventures, with a strong historical growth rate in the region. Management maintained guidance for 2026, citing robust demand in China despite global uncertainties.
Reported metrics
| Metric | Value |
|---|---|
| Sales from Greater China | EUR 8.2 billion (positive) |
| Projected Sales from Zhanjiang | EUR 4-5 billion by 2030 (neutral) |
| Projected EBITDA from Zhanjiang | EUR 1-1.2 billion by 2030 (neutral) |
| CapEx for Zhanjiang | EUR 8.7 billion (positive) |
Guidance from management
Management maintained guidance for 2026, expecting a slightly negative EBITDA due to startup costs, but anticipates positive contributions from 2027 onwards.
What management said
Yes, I would like to open the call for your questions. [Operator Instructions] The first question will be from Christian Faitz, Kepler Cheuvreux. We will then have Chetan Udeshi. But now, first one is Christian Faitz.
Maybe to add one aspect that shows how determined the Chinese government is to really stop the agglomeration of new overcapacities. Until very recently, new cracker projects in China could be approved by NDRC, the National Development and Reform Commission, this is no longer the case. From now on the State Council has to do the formal approval. So it shows how serious this is now and that is on the radar screen even ...
What analysts pressed on
Analysts questioned the sustainability of China's growth given geopolitical tensions and potential overcapacity in the chemical sector. Concerns were also raised about the ability to capitalize on current feedstock constraints and the impact on short-term profitability.
Main topics on the call
- Zhanjiang Verbund Site Launch — The Zhanjiang site is BASF's largest investment and the first Verbund site since 2005. It was completed below budget and on schedule, with operations starting smoothly in early 2026. 'The Zhanjiang investment marks BASF'...
- China Market Growth — BASF projects China's chemical market to grow by 3.7% annually through 2030, driven by domestic demand and export-oriented industries. 'Greater China will remain the largest chemical market in the world.'
- Sustainability Initiatives — The Zhanjiang site operates with 100% renewable energy, leveraging offshore wind farms and solar panels. 'We have reduced our carbon footprint more than half than conventional petrochemical sites.'
- Digitalization and Efficiency — The site employs advanced digital solutions, including AI and 5G, to optimize operations. 'Our smart Verbund vision has become reality.'
Read the full BASF SE transcript (June 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About BASF SE
BASF SE (BAS) is a publicly listed company in the Chemicals industry, within the Materials sector. It trades on XTRA and is based in DE. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 51 calls on record spanning February 28, 2020 to October 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 51 BASF SE earnings call transcripts on record, spanning February 28, 2020 to October 28, 2026. Based on this history, BASF SE reports quarterly. The most recent call on file is dated October 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.