Covestro became an independent company listed on the stock exchange in fall 2015. Since then, we have proven to our customers and investors that we have what it takes: a strong and efficient product base combined with the flexibility and sense of purpose of a start-up, fueled by 80 years of experience.
The backbone of our organization’s success are our 15,600 employees, who work at around 30 sites across the globe – from smaller technical centers and innovation hubs to large-scale production plants. Our activities are coordinated from our corporate headquarters in Leverkusen, Germany.
Thanks to the sound setup of our company and its innovative power, we have achieved a reliable course of growth and consolidated our standing in the global markets. In 2016, Covestro’s Core Volume Growth rose by 7.5%, its adjusted EBITDA amounted to EUR 2.0 billion, while free operating cash flow sharply increased by 41.8%. Return on Capital Employed (ROCE) came out at 14.2% over WACC. Altogether, 2016 was a record year for the company.
For more information on Covestro's business performance and key data, take a look at the Annual Report 2016.