2023
13
January
2023
|
17:57
Europe/Amsterdam
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...
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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 emissions ...
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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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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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25
October
2022
|
07:00
Europe/Amsterdam
• 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...
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02
August
2022
|
07:00
Europe/Amsterdam
• 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...
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29
July
2022
|
17:40
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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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 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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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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2021
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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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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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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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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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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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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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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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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29
April
2019
|
12:15
Europe/Amsterdam
Core volumes slightly down (-1.8%) / Group sales around EUR 3.2 billion (-16.0%)
EBITDA at EUR 442 million in line with expectations (-58.4%)
EPS of EUR 0.98 below previous year (-69.8%)
Free operating cash flow at minus EUR 45 million
Guidance...
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25
February
2019
|
13:49
Europe/Amsterdam
Continued core volume growth at 1.6%
Group sales rise to EUR 14.6 billion
EBITDA declines to EUR 3.2 billion
Proposed dividend of EUR 2.40 per share
EPS slightly declines to EUR 9.46
Around EUR 1.7 billion returned to stockholders through shar...
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