Articles tagged with 'Financials' | Covestro IR

News (Financials)

2023
27
October
2023
| 07:00 Europe/Amsterdam
• Group sales of EUR 3.6 billion (–22.7%) • EBITDA of EUR 277 million (–8.3%) meets guidance • Net income of EUR –31 million • Free operating cash flow rises to EUR 308 million (>100%) • Full-year guidance narrowed at the
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08
August
2023
| 10:00 Europe/Amsterdam
Investment in the double-digit million Euro rangeNew plant one of several similar investments into the Elastomers business across the globeProducts can be used in offshore wind turbines and to manufacture photovoltaic panels, among others
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01
August
2023
| 07:05 Europe/Amsterdam
•  Group sales of EUR 3.7 billion (–20.9%) •  EBITDA of EUR 385 million (–29.6%) •  Net income totals EUR 46 million (–76.9%) •  Free operating cash flow rises to EUR –10 million •  Full-year results
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28
April
2023
| 07:00 Europe/Amsterdam
• Group sales of EUR 3.7 billion • EBITDA of EUR 286 million far surpasses expectations • Net income totals EUR –26 million • Free operating cash flow of EUR –139 million • Q2 2023: EBITDA between EUR 330 million and EUR 430
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13
April
2023
| 18:50 Europe/Amsterdam
In the course of preparing Covestro’s group accounts for the first quarter 2023, preliminary financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by
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02
March
2023
| 07:03 Europe/Amsterdam
Group sales total EUR 18.0 billion (+13.0%) – EBITDA of EUR 1.6 billion (–47.6%) – Positive free operating cash flow of EUR 138 million (–90.3%) – Greenhouse gas emissions fall to 4.7 million metric tons (–9.6%) – Circular economy and
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2022
13
December
2022
| 10:05 Europe/Amsterdam
• Multi-year contract calls for annual purchase of 300 gigawatt hours of wind and solar power from CGN • Plans to cover 30 percent of electricity demand at Covestro's Shanghai site • Solid basis for significant reduction in greenhouse gas
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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
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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.
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07
November
2022
| 08:21 Europe/Amsterdam
Economic conditions require project reassessmentMDI remains a growth market long-termNo fundamental investment stop
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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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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
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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
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2021
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
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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
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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
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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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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
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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
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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
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2018
15
January
2018
| 12:43 Europe/Amsterdam
• Positive one-time effect of ca. EUR 85 million on net income expected in 2017 • Additional positive impact on coming years.
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2016
04
March
2016
| 12:17 Europe/Amsterdam
• Four times oversubscription demonstrates broad investor interest • Three tranches with terms of two to 8.5 years
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26
February
2016
| 12:15 Europe/Amsterdam
• Volume of EUR 5 billion • Baa2 rating from Moody's
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