BASF CEO Says Recent Moves Are Just 'Grabbing Opportunities'

The transcript discusses BASF's 2017 earnings, highlighting growth in the chemicals sector despite challenges like increased raw material costs. It addresses the impact of the euro and oil prices on future earnings and outlines strategic shifts, including moving out of oil and gas and into the seeds business. The leadership transition is also covered, with a focus on maintaining the company's innovative edge. Finally, it touches on political factors, such as the Trump infrastructure plan and German government formation, and their potential effects on the business.

What were the main areas of weakness identified by analysts regarding BASF's performance?

How did BASF's earnings in 2017 compare to previous years according to the speaker?

What external factor is mentioned as a potential headwind for BASF in 2018?

What assumptions does BASF have regarding the euro to dollar exchange rate for 2018?

What strategic changes is BASF making in relation to the oil and gas industry?

What is the significance of the acquisition of the Bayer seed business for BASF?

What challenges and opportunities does BASF face as it prepares for a leadership transition?