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Business & Finance
Covestro shows strong earnings growth
Sales grow to around EUR 4.3 billion (+55.9%). Slight increase in core volumes sold. EBITDA rises sharply to EUR 862 million (+89.0%). Net income more than doubles to EUR 472 million. Free operating cash flow at EUR 381 million (+5.5%). Earnings outlook for full year 2021 raised.
Sustainability trends boost demand at Covestro
New world-scale MDI plant: investment resumed
EUR 1 billion for circular economy projects over ten years
Mid-cycle EBITDA to rise to EUR 2.8 billion in 2024
Expansion of sustainable portfolio: 45 produc…