Articles tagged with 'Investor Relations' | Covestro IR

• 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 climate neutr...

• 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...

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, ...

·         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...

In the course of preparing Covestro’s group accounts for fiscal year 2022, preliminary full-year financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by...

• 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 emissions ...

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 ...

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...

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...

• Group sales rise to EUR 4.6 billion (+7.3%)• EBITDA of EUR 302 million (–65.0%)• Net income totals EUR 12 million (–97.5%)• Free operating cash flow (FOCF) falls to EUR 33 million (–91.3%)• Full-year guidance for 2022 narrowed• Further milestones o...

• 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...

• Group sales rise to EUR 4.7 billion (+18.9%) • EBITDA of EUR 547 million (–33.0%) above own guidance • Net income totals EUR 199 million (–55.7%) • Free operating cash flow (FOCF) falls to EUR –462 million • Full-year guidance 2022 adjusted • Conti...

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...

• 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 ...

• 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...

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...

• 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 ...

• 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 ...

• 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...

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...

·  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...

First power purchase agreement for “Weesow-Willmersdorf”, Germany’s largest solar farmPurchase of 63 megawatts for 15 years from 2022Renewable energy to power the production of more sustainable plastics...

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

Group receives excellent CDP "A-" ratingGood performance and transparent communication endorsedAnnouncement of climate neutrality target planned for the first quarter of 2022

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...

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...

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...

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...

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...

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 ...