All targets reached or exceeded:

Covestro achieves record year

2016 was a record year for materials manufacturer Covestro. Driven by demand for innovative materials, the Group’s core volumes increased by 7.5%. With greater capacity utilization across its plants, adjusted EBITDA surged by 22.7% above the 2015 figure to EUR 2.0 billion. Net income more than doubled from EUR 343 million to EUR 795 million. On this basis, Covestro plans to pay its shareholders a dividend of EUR 1.35 per share. more >

  • Core volumes up 7.5% year-on-year
  • Adjusted EBITDA rose by 22.7% to EUR 2.0 billion
  • Strong increase in Free Operating Cash Flow
  • Net income more than doubled
  • Proposed dividend of EUR 1.35 per share
  • Confident outlook for 2017

CEO Patrick Thomas and CFO and Labor Director Frank H. Lutz present the results. You can watch a recording of the presentation here.