German chemical giant BASF warns Middle East conflict will affect global growth, industrial investment and chemical production

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German chemical giant BASF warns Middle East conflict will affect global growth, industrial investment and chemical production
Photo: Michael Probst AP/TT

In the first quarter, BASF reported an operating profit of 2.4 billion euros, higher than expected. Analysts had expected an average of 2.2 billion euros, according to Bloomberg.

The result was weighed down by a currency impact of more than 100 million euros, BASF said.

BASF confirmed its forecast for 2026 but attached a clear caveat.

“Given the rapidly changing situation - especially with regard to energy and raw-material prices and the potential disruptions to global supply chains - it is currently impossible to make a reliable calculation or evaluation of what the impacts will be,” BASF writes:

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