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 16,200 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 2017, Covestro’s Group sales increased by 18.8% to EUR 14.1 billion over the past fiscal year. EBITDA rose by 70.6% to EUR 3.4 billion, core volumes grew by 3.4%, while free operating cash flow increased by 34.8% to EUR 1.8 billion. Return on capital employed (ROCE) stood at 33.4%. Altogether, 2017 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 2017.