For our corporate strategy that is aimed to create sustainable value, the continual and open communication with all participants in the capital market is important. We inform institutional investors and rating agencies through numerous individual meetings and road shows worldwide, while also holding information events to provide private investors with an insight into the world of BASF.
In 2008, we hosted a series of presentations each focusing on a different BASF Group segment. On these Segment Days, we informed analysts and investors of the performance, strategy and growth potential of the respective segments. In 2008, we presented the Chemicals, Agricultural Solutions, and Oil & Gas segments as well as the biotechnology growth cluster.
Furthermore, we discussed our contributions to such sustainability topics as climate protection and energy efficiency with the financial analysts and investors. Information on the strategic benefit of sustainability and its full implementation within our company is in demand from our investors particularly within the framework of “Socially Responsible Investment” (SRI).
Analysts and investors confirm the quality of our communication work and have ranked BASF Investor Relations as the number one on many occasions. In June, BASF was awarded first place in the Capital Investor Relations Prize 2008. In this ranking conducted by the German business magazine Capital, and the Society of Investment Professionals in Germany (DVFA), BASF ranked first among EURO STOXX 50 companies as in the previous year, and for the first time was the overall winner among the approximately 200 participants. In the Thomson Extel Survey as well as with a survey of financial analysts conducted by the trade journal Institutional Investor, BASF won first place for the best Investor Relations work in the European chemical industry. BASF also received first place for having the best Investor Relations website of all companies in the DAX, MDAX and TECDAX in the NetFed IR-Benchmark 2007/2008.
Our new reporting concept also received praise on the capital markets. The IR Society awarded BASF first place in the category “Best Practice Communication Through The Annual Report.”
Analysts’ recommendationsApproximately thirty financial analysts regularly publish reports on BASF. At the end of 2008, 48% of analysts recommended buying our shares, 28% of analysts recommended keeping our shares, and 24% graded them to sell. On December 31, 2008, analysts estimated the average target price of BASF shares to be €31.09.
Analyst’s current forecasts about BASF can be found on the internet at
Investor Relations NewsletterThe Investor Relations Team’s newsletter provides current information of new topics concerning BASF and reminds the reader about important BASF dates.