2023
23
February
2023
|
10:00
Europe/Amsterdam
• New site to be built in Zhuhai, South China, with an annual capacity of 120,000 tons of TPU per year after final phase of expansion • Expansion to happen in three phases: First phase to be completed in late 2025, final phase to be completed in 2033...
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15
February
2023
|
18:30
Europe/Amsterdam
The Supervisory Board of Covestro has today acceded to the request from CFO and Labor Director Dr. Thomas Toepfer for the early termination of his current contract, which expires on March 31, 2026. Dr. Toepfer will leave the company as of August 31, ...
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06
February
2023
|
10:00
Europe/Amsterdam
· First world-scale plant based upon energy efficient ODC technology· New plant strengthens European MDI production network of Covestro· Investment of 200 million euros creates 50 new jobs in Tarragona...
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2022
24
November
2022
|
10:06
Europe/Amsterdam
Meeting the growing demand for high performance elastomers Covestro recently started up the production of Naphthylen-Diisocyanate (NDI) for the Vulkollan® raw material at a newly built plant in its Map Ta Phut site in Thailand. The groundbreaking of ...
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14
November
2022
|
13:05
Europe/Amsterdam
The Supervisory Board of Covestro unanimously appointed Dr. Thorsten Dreier as Covestro's new Chief Technology Officer. The 49-year-old will take over on July 1, 2023, from Dr. Klaus Schäfer, who most recently extended his expiring contract by six mo...
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09
November
2022
|
12:05
Europe/Amsterdam
Covestro successfully issued its first green euro bond with a total volume of EUR 500 million on the capital markets on November 8, 2022. The bond has an annual interest coupon of 4.75 percent and matures in November 2028 with a term of six years. Du...
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08
August
2022
|
13:00
Europe/Amsterdam
• Business provides material solutions for common polymer 3D printing processes • Sale includes R&D facilities, offices and employees in Europe, U.S. and China • New ownership by Stratasys expected to achieve faster growth...
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08
July
2022
|
11:00
Europe/Amsterdam
• 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 ...
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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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2021
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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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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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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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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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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