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 16,500 employees, who work at around 33 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 fiscal 2020, Covestro achieved-Group sales of EUR 10.7 billion. Covestro generated EBITDA of EUR 1.5 billion, 8.2% below the 2019 figure. Core volumes were down by 5.6%, while free operating cash flow stood at EUR 530 million. Return on capital employed (ROCE) stood at 7.0%.
Further information on business development and key data from Covestro can be found in the Annual Report 2020.