Archive | Covestro IR

News

2021
11
October
2021
| 10:00 Europe/Amsterdam
Covestro coordinates EU innovation project involving 22 partners from nine countries Development of innovative chemical recycling processes for rigid polyurethane foams as key to circular economy Savings potential of one million tonnes of waste a...
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28
September
2021
| 13:00 Europe/Amsterdam
Sustainability trends boost demand at Covestro New world-scale MDI plant: investment resumed EUR 1 billion for circular economy projects over ten years Mid-cycle EBITDA to rise to EUR 2.8 billion in 2024 Expansion of sustainable portfolio: 45 p...
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06
August
2021
| 07:00 Europe/Amsterdam
Core volumes sold up by 35.0% Group sales of more than EUR 3.9 billion (+83.5%) EBITDA rises to EUR 817 million (>500%) Net income totals EUR 449 million Strong increase in free operating cash flow to EUR 374 million Increased earnings guid...
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12
July
2021
| 14:08 Europe/Amsterdam
Covestro is raising its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed (ROCE) for fiscal year 2021 as a result of a further improved business outlook for the second half-year. The new expectation exceeds the previ...
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01
July
2021
| 08:00 Europe/Amsterdam
The guiding principle: to become fully circular Milestone in implementing the new strategy achieved Business reorganized into seven business entities Future reporting in two segments Focus on customer centricity and sustainability ...
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28
April
2021
| 07:00 Europe/Amsterdam
Core volumes sold up by 5.3% Sales grow to around EUR 3.3 billion (+18.8%) EBITDA almost triples to EUR 743 million Net income rises to EUR 393 million (>1,800%) Free operating cash flow at EUR 318 million Guidance 2021: Optimistic outlook f...
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13
April
2021
| 19:37 Europe/Amsterdam
EBITDA is expected to be between EUR 2,200 million and EUR 2,700 million. The previous forecast projected EBITDA between EUR 1,700 million and EUR 2,200 million. The adjustment of the forecast mainly results from a better than expected margin devel...
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01
April
2021
| 14:15 Europe/Amsterdam
Covestro to become one of the leading global suppliers for sustainable coating resins Acquisition adds around EUR 1 billion in revenues Consequent implementation of sustainable growth strategy ...
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25
March
2021
| 10:02 Europe/Amsterdam
Innovative process for recovering both core raw materials New pilot plant for chemical recycling put into operation Trailblazer for industrial recycling Co-shaping the circular economy in cooperation with value chain ...
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24
March
2021
| 11:00 Europe/Amsterdam
45 percent of Covestro Antwerp's electricity demand covered by renewable energy Capacity of almost 40 megawatts from new onshore wind turbines ...
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01
March
2021
| 10:00 Europe/Amsterdam
Proceeds in the mid-single-digit million euro range Closing expected in the first half of 2021 Systems house continues doing business independently, Covestro remains key supplier ...
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23
February
2021
| 07:00 Europe/Amsterdam
Core volumes down by 5.6% Group sales approximately EUR 10.7 billion (–13.7%) EBITDA as forecasted at approximately EUR 1.5 billion (–8.2%) Free operating cash flow increased to EUR 530 million (+12.1%) Proposed dividend of EUR 1.30, new divide...
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05
February
2021
| 10:00 Europe/Amsterdam
Significant increase of production capacity at the Shanghai site Environmentally compatible products replace solvent-based types Versatile applications in automobiles, furniture, textiles and shoes ...
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2020
08
December
2020
| 19:02 Europe/Amsterdam
Covestro raises its forecast for EBITDA and Free Operating Cash Flow (FOCF) in fiscal year 2020 as a consequence of a better than expected business development in the fourth quarter 2020. The new expectation exceeds the previously provided financial ...
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16
November
2020
| 10:00 Europe/Amsterdam
Significant savings of steam, electricity and therewith CO2 Pilot plant inaugurated for industrial-scale application Development of new technology underlines innovation leadership ...
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12
November
2020
| 10:00 Europe/Amsterdam
Covestro has started construction of a new production plant for Vulkollan® raw materials in the Map Ta Phut industrial zone in Thailand. With the new plant, the company aims to satisfy the growing demand for high-performance elastomers and to serve t...
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27
October
2020
| 07:00 Europe/Amsterdam
Core volumes up by 3.0% Group sales total around EUR 2.8 billion (–12.7%) EBITDA of EUR 456 million (+7.3%) driven by cost-cutting measures Net income of EUR 179 million (+21.8%) Free operating cash flow rises to EUR 361 million (+48.6%) Guida...
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14
October
2020
| 08:15 Europe/Amsterdam
Complete placement of 10,200,000 offered shares Gross proceeds of EUR 447 million Use of proceeds to finance the announced acquisition of the RFM business from DSM ...
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09
October
2020
| 13:46 Europe/Amsterdam
In the course of preparing the Q3 2020 interim statement for Covestro Group, preliminary Q3 key financial data deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Var...
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30
September
2020
| 08:25 Europe/Amsterdam
Covestro to become one of the global leaders in attractive growth market for sustainable coating resins Combining strong innovation capabilities to accelerate transition to circular economy Complementary product portfolios and application industr...
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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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