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Covestro announces sale of Additive Manufacturing Business to Stratasys
Business provides material solutions for common polymer 3D printing processesSale includes R&D facilities, offices and employees in Europe, U.S. and ChinaNew ownership by Stratasys expected to achieve faster growth
Solid performance and an increasingly challenging environment
Group sales rise to EUR 4.7 billion (+18.9%)EBITDA of EUR 547 million (–33.0%) above own guidanceNet income totals EUR 199 million (–55.7%)Free operating cash flow (FOCF) falls to EUR –462 millionFull-year guidance 2022 adjustedContinued focus on the…
Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF), return on capital employed over weighted average cost of capital (ROCE over WACC) and greenhouse gas emissions, measured via CO2 equivalents, for fiscal year 2022. This is a c…
Covestro breaks ground on two new production facilities in Shanghai
New lines for polyurethane dispersions and elastomers to meet rising demandTotal investment of a mid-double-digit million euro amountNew plants increase the scale of the largest production site of Covestro