Covestro IR - Archive business & finance
Filter by year
2026
30
June
2026
|
07:56
Europe/Amsterdam
World-scale MDI train at Covestro Integrated Site Shanghai in China with production start at the end of the decadeUAE feasibility study for second new world-scale MDI train based on existing partnership with TA'ZIZ and FertiglobeBoth MDI production …
Read more
08
June
2026
|
09:44
Europe/Amsterdam
Leverkusen – As a result of the acquisition of shares in Covestro AG by (i) ADNOC International Germany Holding AG as well as (ii) XRG P.J.S.C. (“XRG”) as part of the expected acquisition of shares based on the exclusion of minority shareholders …
Read more
05
May
2026
|
18:30
Europe/Amsterdam
The Supervisory Board of Covestro has unanimously decided to appoint Klaus Fröhlich as the new Chief Financial Officer (CFO). The 53-year-old will assume the role from Christian Baier effective October 1, 2026. Christian Baier will leave the company …
Read more
20
March
2026
|
13:55
Europe/Amsterdam
XRG P.J.S.C., Abu Dhabi, United Arab Emirates (“XRG”), today submitted to the Board of Management of Covestro AG (ISIN: DE0006062144 / WKN 606214) the formal request in accordance with Section 327a para. 1 sentence 1 of the German Stock Corporation …
Read more
06
February
2026
|
14:17
Europe/Amsterdam
Exploring ammonia supply opportunities from Fertiglobe to key Covestro sites globallyAccess to low-carbon and green ammonia, supports transition towards more sustainable production pathwaysJoint assessment of enabling ammonia …
Read more
22
January
2026
|
15:40
Europe/Amsterdam
Covestro AG decides to apply for switch from the Prime Standard to the General Standard of the Frankfurt Stock Exchange. The shares of Covestro AG (WKN 606214 / ISIN DE0006062144) are currently admitted to trading on the regulated market of the …
Read more
09
January
2026
|
11:56
Europe/Amsterdam
XRG P.J.S.C. today informed Covestro AG that the general meeting of Covestro AG shall resolve the transfer of the shares held by the minority shareholders to XRG P.J.S.C. in return for appropriate cash compensation pursuant to sec. 327a para. 1 …
Read more
2025
22
December
2025
|
10:30
Europe/Amsterdam
Leadership transition in Supervisory Board following successful completion of strategic partnership with XRGDr. Rainer Seele has succeeded Dr. Richard Pott effective 20 December 2025
Read more
18
December
2025
|
10:30
Europe/Amsterdam
Christian Baier, Chief Financial Officer of Covestro AG, has informed the Chairman of the Supervisory Board that he will not be renewing his contract and will leave the company upon expiry of his term in September 2026 at his own request. By sharing …
Read more
10
December
2025
|
15:00
Europe/Amsterdam
• EUR 1.17 billion capital increase has been executed• Closing marks official start of partnership
Read more
21
November
2025
|
14:43
Europe/Amsterdam
German Foreign Investment Control approval receivedAll closing conditions fulfilled: transaction expected to close in the coming daysPartnership marks a new chapter of close cooperation with focus on disciplined,long-term value-creationCovestro …
Read more
11
July
2025
|
13:17
Europe/Amsterdam
Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed over weighted average cost of capital (ROCE over WACC) for fiscal year 2025. This is a consequence of a continuously weak global economy without …
Read more
08
January
2025
|
10:00
Europe/Amsterdam
• Investment in the low triple-digit million Euro range • Significant capacity increase with multiple new production lines • Customized polycarbonate material solutions for the American market
Read more
2024
19
December
2024
|
08:45
Europe/Amsterdam
• ADNOC International, now XRG, achieves total of 91.3 percent after additional acceptance period • Covestro supposed to become foundational platform of XRG’s Performance Materials and Specialty Chemicals business • Closing of transaction …
Read more
16
December
2024
|
10:00
Europe/Amsterdam
Covestro, a world-leading supplier of high-tech polymer materials, is announcing Monique Buch (50) as the company’s new Chief Commercial Officer (CCO). The Supervisory Board of Covestro has unanimously appointed Monique Buch who is taking over from …
Read more
12
December
2024
|
10:00
Europe/Amsterdam
• Pilot plant will be built in Leverkusen, Germany • Novel chemical recycling process for elastomers made of Vulkollan® • Technology offers recycling solution and additional carbon footprint reduction for high performance elastomers
Read more
22
November
2024
|
10:00
Europe/Amsterdam
• Developing and implementing business models in the circular economy • Monetization approach for circular solutions developed together with Deloitte, structured basic framework established • Framework validated through pilot projects, …
Read more
07
November
2024
|
13:20
Europe/Amsterdam
• Offer price of €62.00 per share in cash, representing an attractive premium of 54 percent to the unaffected share price of Covestro • Board of Management and Supervisory Board recommend to Covestro’s shareholders to accept the offer • …
Read more
01
October
2024
|
08:42
Europe/Amsterdam
• ADNOC International Germany Holding AG makes a takeover offer at €62.00 per Covestro share • The Investment Agreement defines key aspects of the strategic partnership, including clear commitments by ADNOC International to fully support the …
Read more
04
July
2024
|
10:00
Europe/Amsterdam
• 10-year agreement to supply Covestro with renewable energy from a solar power plant in Spain • Contract boosts Covestro’s renewable electricity use in Spain to 30 percent, significantly increasing renewables supply for Tarragona site • …
Read more
25
June
2024
|
08:00
Europe/Amsterdam
• Transformation program STRONG launched • By 2028: EUR 400 million annual savings globally, EUR 190 million of which will be in Germany • Increased efficiency through digitalization and Artificial Intelligence
Read more
24
June
2024
|
11:31
Europe/Amsterdam
Based on the open-ended talks held so far with Abu Dhabi National Oil Company („Adnoc“) the Board of Management of Covestro AG ("Covestro") after consultation with the Supervisory Board has today decided to enter into concrete negotiations with …
Read more
29
February
2024
|
07:20
Europe/Amsterdam
• Reduction of 10 million metric tons of greenhouse gases produced in upstream and downstream supply chains (scope 3) by 2035, climate neutrality for scope 3 by 2050 • Climate strategy for reducing greenhouse gases complete • Concrete plan …
Read more
29
February
2024
|
07:00
Europe/Amsterdam
• Group sales of EUR 14.4 billion (–20%) • EBITDA of EUR 1.1 billion (–33.2%) • Positive free operating cash flow of EUR 232 million (+68.1%) • Climate neutrality strategy finalized with scope 3 target • Outlook for 2024: EBITDA …
Read more
13
February
2024
|
11:30
Europe/Amsterdam
• Significant step toward producing plasticsbased on plant biomass • New process for petroleum-free raw material on its way to industrial maturity • Another milestone in the promotion of the Circular Economy accomplished
Read more
17
January
2024
|
10:00
Europe/Amsterdam
• Encina to supply Covestro with chemically recycled raw materials enabling circular MDI, TDI and polycarbonate starting at the end of 2027 • Pioneering milestone for raw materials derived from end-of-life plastics • Recycled feedstock …
Read more
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 …
Read more
18
October
2023
|
13:12
Europe/Amsterdam
• Shanghai facility is the inaugural dedicated line of its kind of Covestro with an annual capacity of 25,000 tons • Committed to supplying 60,000 tons of recycled-content polycarbonates annually in Asia Pacific by 2026 • Expansive range …
Read more
13
October
2023
|
10:00
Europe/Amsterdam
• Capacity at Bomlitz site expanded • Investment in the low double-digit million Euro range • Global demand for TPU specialty films on the rise
Read more
08
September
2023
|
19:31
Europe/Amsterdam
The Board of Management of Covestro AG has today decided, in view of the interest in Covestro expressed by Abu Dhabi National Oil Company (Adnoc), to enter into open-ended discussions with Adnoc. Whether, in which form and, if applicable, at which …
Read more
