In a statement, the group said third-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, came in at 1.62 billion euros ($1.75 billion), slightly below the average analyst estimate of 1.67 billion posted on the company's website.
The German chemicals giant reaffirmed its previous 2024 forecast for adjusted EBITDA to reach between 8 billion and 8.6 billion euros, up from 7.67 billion last year.
CEO Markus Kamieth, at the helm since April, is preparing a partial listing of the agricultural chemicals business and is considering new ownership options for the coatings unit.
As part of the revamp, BASF is also separating its battery chemicals and catalytic converter businesses from the rest of the organisation so that they can be managed more autonomously.
Kamieth has dubbed the remaining units, which are highly integrated thanks to a shared technical infrastructure, BASF's "core businesses" and he said on Wednesday that they saw a positive earnings momentum in the quarter.
