Archive | Covestro IR

News

2020
23
July
2020
| 13:22 Europe/Amsterdam
Core volumes decrease by 22.7% Group sales total approximately EUR 2.2 billion (–32.9%) EBITDA of EUR 125 million Net income of EUR –52 million Free operating cash flow rises to EUR 24 million Consistent crisis management and measures to secur...
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09
July
2020
| 11:57 Europe/Amsterdam
In the course of preparing the half-year financial report 2020 for the Covestro Group, preliminary Q2 key financial data deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, publis...
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05
June
2020
| 11:36 Europe/Amsterdam
Placement in two tranches with maturities of 5 years and 10 years Investor demand was exceptionally high with the orderbook being more than 10 times oversubscribed CFO Dr. Thomas Toepfer: “Even in these challenging times, the capital market has c...
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19
May
2020
| 11:38 Europe/Amsterdam
At its meeting today, the Board of Management of Covestro AG has decided to propose a dividend of EUR 1.20 per share for the 2019 fiscal year to the Annual General Meeting and to carry the remainder of the distributable profit forward to new account....
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29
April
2020
| 11:40 Europe/Amsterdam
Core volumes decrease by 4.1% Group sales total approximately EUR 2.8 billion (– 12.3%) EBITDA at EUR 254 million in line with guidance (– 42.5%) Net income at EUR 20 million (– 88.8%) Free operating cash flow at minus EUR 249 million as expect...
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15
April
2020
| 11:42 Europe/Amsterdam
Covestro has been actively executing its crisis management plans in response to the global spread of the coronavirus pandemic and adjusting business operations according to local developments. The Board of Management has taken early and decisive acti...
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26
March
2020
| 14:05 Europe/Amsterdam
Covestro has agreed a loan with the European Investment Bank (EIB) for EUR 225 million. The loan will provide medium term funding to strengthen the research and development (R&D) work of Covestro in the areas of sustainability and circular economy wi...
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23
March
2020
| 11:44 Europe/Amsterdam
Annual General Meeting of Covestro AG will not take place on April 17, 2020, due to corona-virus pandemic Meeting is postponed to a later date ...
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18
March
2020
| 11:46 Europe/Amsterdam
Covestro has successfully signed a contract with its 16 core banks for a new syndicated revolving credit facility for EUR 2.5 billion with a term of five years plus two one-year extension options, effective as of March 17, 2020. The facility can be d...
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19
February
2020
| 11:56 Europe/Amsterdam
Core volumes up by 2.0% Group sales total approximately EUR 12.4 billion (–15.1%) EBITDA as forecast at approximately EUR 1.6 billion (–49.9%) Program launched to promote circular economy Dividend proposal of EUR 2.40 per share Outlook for 202...
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2019
28
October
2019
| 12:08 Europe/Amsterdam
Core volumes up by 5.3% Group sales total approximately EUR 3.2 billion (–14.6%) EBITDA forecast achieved at EUR 425 million (–50.5%) Earnings per share drop to EUR 0.80 (–69.1%) Free operating cash flow at EUR 243 million (–58.0%) Ranges for ...
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16
September
2019
| 12:11 Europe/Amsterdam
New owner to continue and further develop sheets business Sale is part of Covestro's efforts to optimize its portfolio Covestro to remain key supplier to sheets business ...
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24
July
2019
| 12:12 Europe/Amsterdam
Core volumes up slightly (+1.1%) Group sales total around EUR 3.2 billion (-16.9%) EBITDA at EUR 459 million as expected (-53.4%) Earnings per share drop to EUR 1.03 (-66.4%) Free operating cash flow at minus EUR 55 million / Q3 EBITDA of aroun...
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29
June
2019
| 14:09 Europe/Amsterdam
EUR 5 billion in FOCF over the next five years anticipated Available excess cash will be returned to shareholders ...
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17
June
2019
| 12:13 Europe/Amsterdam
Sales proceeds in the high-double-digit euro million range Systems houses with revenues of EUR 230 million Covestro to remain a key supplier to European Systems Houses New ownership allows unit to further grow and to position itself as an indepe...
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05
June
2019
| 12:14 Europe/Amsterdam
The material manufacturer Covestro has chosen a Chief Commercial Officer (CCO), the last position to be filled on its Management Board. At its meeting on Tuesday, the Supervisory Board unanimously appointed Sucheta Govil (55) for this position. By Au...
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29
April
2019
| 12:15 Europe/Amsterdam
Core volumes slightly down (-1.8%) / Group sales around EUR 3.2 billion (-16.0%) EBITDA at EUR 442 million in line with expectations (-58.4%) EPS of EUR 0.98 below previous year (-69.8%) Free operating cash flow at minus EUR 45 million Guidance...
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12
April
2019
| 12:16 Europe/Amsterdam
Dividend raised for the fourth consecutive year. ...
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04
April
2019
| 13:48 Europe/Amsterdam
Focus on environmental protection and sustainable supply chain. ...
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25
February
2019
| 13:49 Europe/Amsterdam
Continued core volume growth at 1.6% Group sales rise to EUR 14.6 billion EBITDA declines to EUR 3.2 billion Proposed dividend of EUR 2.40 per share EPS slightly declines to EUR 9.46 Around EUR 1.7 billion returned to stockholders through shar...
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2018
05
December
2018
| 13:50 Europe/Amsterdam
Around 10% of capital stock bought back Acquired shares will be retired and capital stock reduced by EUR 19.5 million Board of Management aims to lay foundations for further buyback ...
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29
November
2018
| 13:51 Europe/Amsterdam
Covestro raises stake from 50% to 80% Partnership with DIC Corporation continues Acquisition as part of Covestro's global growth strategy ...
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20
November
2018
| 13:52 Europe/Amsterdam
Leverkusen, November 20, 2018. Intense competition, increased costs and formation of provisions have resulted in the following adjustments to our guidance for 2018: ...
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25
October
2018
| 13:53 Europe/Amsterdam
• Group sales up 4.8% to EUR 3.7 billion • Core volumes remain stable • EUR 859 million EBITDA at previous year's level • Earnings per share rose by 6.6% to EUR 2.59 • Free operating cash flow down 12.2% to EUR 578 million due to increased invest...
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09
October
2018
| 13:54 Europe/Amsterdam
• Highly attractive MDI market with long-term growth prospects • New 500 kilotons MDI plant to satisfy demand and accompany industry growth • NAFTA MDI capacity to reach 740 kilotons per year by end of 2024 • Extending Covestro's regional and glob...
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04
September
2018
| 13:55 Europe/Amsterdam
Innovative new technology realizes annual reduction of up to 140,000 metric tons CO₂ emissions. ...
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13
August
2018
| 13:57 Europe/Amsterdam
MSCI, one of the world's leading index suppliers, has raised Covestro's sustainability rating from BBB to A. The financial services provider's reason for the upgrade was Covestro's stepped up focus on sustainable product solutions and technologies as...
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02
August
2018
| 14:00 Europe/Amsterdam
Germany-based materials manufacturer Covestro yesterday successfully closed the sale of Covestro's Polycarbonates (PCS) sheets business in Sheffield (US) to Plaskolite. Acrylics sheets manufacturer Plaskolite will continue operations at the facility,...
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31
July
2018
| 12:50 Europe/Amsterdam
The international rating agency Moody's Investors Service has reassessed Covestro's existing investment-grade rating. Due to the sustained good earnings situation and the significantly improved balance sheet structure, Moody's has raised the credit r...
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26
July
2018
| 12:49 Europe/Amsterdam
• Group sales improved by 10.4% to EUR 3.9 billion • Core volumes up 4.4% • EBITDA grew by 16.2% to EUR 985 million • Earnings per share rose by 28.5% to EUR 3.07 • Free operating cash flow increased by 14.1% to EUR 364 million • Guidance for EB...
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