Archive | Covestro IR

News

2022
03
May
2022
| 07:00 Europe/Amsterdam
• 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 neutralit...
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02
May
2022
| 19:35 Europe/Amsterdam
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...
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24
March
2022
| 12:00 Europe/Amsterdam
• For more sustainable mattresses, upholstered furniture, shoes and automotive seats • Significant reduction of CO2 emissions from cradle-to-gate2• Rapidly implementable solution with consistently high quality ...
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01
March
2022
| 10:50 Europe/Amsterdam
• Ambitious target: Net zero1 emissions by 2035 for scope 1 and scope 2 • 60% reduction in greenhouse gas emissions by 2030 • Every product to be offered in a climate neutral version in the future with major products already on offer today ...
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01
March
2022
| 07:00 Europe/Amsterdam
• 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: EU...
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28
February
2022
| 19:38 Europe/Amsterdam
The Board of Management of Covestro AG – in light of the successful business development – today resolved on a share buyback program. The program amounts to a total volume of approximately EUR 500 million (without ancillary transaction costs) and sha...
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17
January
2022
| 09:00 Europe/Amsterdam
·  Fortescue Future Industries intends to supply green hydrogen and its derivatives including green ammonia to Covestro·  FFI will supply up to 100,000 tonnes of green hydrogen equivalent per year, starting as early as 2024...
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2021
13
December
2021
| 11:00 Europe/Amsterdam
Selected Makrolon® RE grades are climate-neutral* from cradle to gate Drop-in solution with constant product quality A major step towards meeting climate and sustainability targets ...
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07
December
2021
| 13:00 Europe/Amsterdam
Group receives excellent CDP "A-" ratingGood performance and transparent communication endorsedAnnouncement of climate neutrality target planned for the first quarter of 2022...
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08
November
2021
| 07:00 Europe/Amsterdam
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 ou...
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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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