BASF Warns It Needs More Time to Assess Tariff Impact on Outlook

BASF SE warned that uncertainty caused by President Donald Trump’s trade tactics means it can’t make reliable predictions for its business this year.

BASF needs the second quarter to make a decision whether to change its financial outlook, Chief Financial Officer Dirk Elvermann said Friday on a call discussing first-quarter earnings.

“We currently see more risk to our forecast and outlook than we saw probably three months before,” Elvermann said. “The situation is very volatile.”

The BASF headquarters in Ludwigshafen, Germany.

Photographer: Alex Kraus/Bloomberg

BASF shares declined as much as 2.6% in Frankfurt. The stock has dropped around 11% in the past year.

BASF is among industrial ...