Covestro achieves EBITDA guidance for third quarter

Group sales of EUR 3.6 billion (–22.7%)  EBITDA of EUR 277 million (–8.3%) meets guidance  Net income of EUR –31 million  Free operating cash flow rises to EUR 308 million (>100%)  Full-year guidance narrowed at the lower end of the ranges  New Chie…

Covestro launches mechanical recycling polycarbonate compounding line in China

Shanghai facility is the inaugural dedicated line of its kind of Covestro with an annual capacity of 25,000 tons  Committed to supplying 60,000 tons of recycled-content polycarbonates annually in Asia Pacific by 2026  Expansive range of premium recy…

Covestro expands capacity for TPU films in Germany

Capacity at Bomlitz site expanded  Investment in the low double-digit million Euro range  Global demand for TPU specialty films on the rise 

Covestro AG confirms decision to enter into open-ended discussions with Adnoc

Covestro appoints Christian Baier as new CFO, Dr. Thorsten Dreier to become Labor Director

Covestro starts new Elastomers plant in Shanghai

Investment in the double-digit million Euro rangeNew plant one of several similar investments into the Elastomers business across the globeProducts can be used in offshore wind turbines and to manufacture photovoltaic panels, among others

Covestro confirms full-year guidance despite weak economic activity

Group sales of EUR 3.7 billion (–20.9%)   EBITDA of EUR 385 million (–29.6%)   Net income totals EUR 46 million (–76.9%)   Free operating cash flow rises to EUR –10 million   Full-year results expected to be rather at lower half of the guidance   Q…

Covestro gets off to better-than-expected start in 2023

Group sales of EUR 3.7 billion  EBITDA of EUR 286 million far surpasses expectations  Net income totals EUR –26 million  Free operating cash flow of EUR –139 million  Q2 2023: EBITDA between EUR 330 million and EUR 430 million expected  Full-year gu…

Preliminary results for the first quarter 2023

Managing challenging times

Group sales total EUR 18.0 billion (+13.0%) – EBITDA of EUR 1.6 billion (–47.6%) – Positive free operating cash flow of EUR 138 million (–90.3%) – Greenhouse gas emissions fall to 4.7 million metric tons (–9.6%) – Circular economy and climate neutral…

Covestro to build its largest TPU site in China

New site to be built in Zhuhai, South China, with an annual capacity of 120,000 tons of TPU per year after final phase of expansion – Expansion to happen in three phases: First phase to be completed in late 2025, final phase to be completed in 2033 –…

Chief Financial Officer (CFO) Dr. Thomas Toepfer to leave Covestro as of August 31, 2023