1305 GMT - BASF's results didn't surprise and are reassuring for investors amid uncertainty related to U.S. import tariffs, Berenberg analysts say. The German chemicals giant confirmed its outlook and said its direct exposure to tariff impacts was limited as products for sale in the U.S. are mainly made locally, the analysts say in a note. However, BASF made it very clear that the current market uncertainty makes it difficult to forecast anything, they add. "BASF still has significant self-help supports including from restructuring savings for 1.5 billion euros for the end of 2025, and despite the uncertainty, [organizational] reshaping moves are ongoing," they say. Shares fall 0.4% to 44.47 euros. (helena.smolak@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 09:06 ET (13:06 GMT)
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