Dr. Thorsten Dreier appointed as new CTO of Covestro

Covestro successfully issues EUR 500 million green bond

Investment project for a world-scale MDI plant paused

Economic conditions require project reassessmentMDI remains a growth market long-termNo fundamental investment stop

Covestro achieves EBITDA guidance despite looming recession

Group sales rise to EUR 4.6 billion (+7.3%) EBITDA of EUR 302 million (–65.0%) Net income totals EUR 12 million (–97.5%) Free operating cash flow (FOCF) falls to EUR 33 million (–91.3%) Full-year guidance for 2022 narrowed Further milestones on the…

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 guidance  Net income totals EUR 199 million (–55.7%)  Free operating cash flow (FOCF) falls to EUR –462 million  Full-year guidance 2022 adjusted  Continued f…

Reduced earnings outlook for 2022 (July)

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 demand  Total investment of a mid-double-digit million euro amount  New plants increase the scale of the largest production site of Covestro 

Successful quarter in an increasingly volatile environment

Group sales rise to EUR 4.7 billion (+41.6%)  EBITDA of EUR 806 million (+8.5%)  Net income amounting to EUR 416 million (+5.9%)  Free operating cash flow of EUR 17 million (–94.7%)  Further steps toward a circular economy and climate neutrality  Re…

Reduced earnings outlook for 2022

Strong full year 2021 for Covestro

Core volumes sold up by 10.0%  Group sales total EUR 15.9 billion (+48.5%)  EBITDA more than doubles (>100%) to EUR 3.1 billion  Free operating cash flow increases to EUR 1.4 billion (>100%)  Highest dividend in the Group’s history proposed: EUR 3.4…

Covestro resolves on share buyback program with volume of approx. EUR 500 million

Covestro shows strong earnings growth

Sales grow to around EUR 4.3 billion (+55.9%) Slight increase in core volumes sold EBITDA rises sharply to EUR 862 million (+89.0%) Net income more than doubles to EUR 472 million Free operating cash flow at EUR 381 million (+5.5%) Earnings outlook…