Covestro included in the STOXX index
Further key milestone for materials manufacturer on the stock markets
Some three months after its admission to the MDAX index, Covestro will today join another major index family - the STOXX Europe 600 and the associated sector indices. Inclusion in the STOXX Europe 600 index, which comprises 600 companies from 18 countries across Europe means that Covestro is now also listed in an international share index.
"We are delighted to be included in this important index family," says Covestro CFO Frank H. Lutz. "The move is a reflection of the great interest displayed by investors and the gratifying performance of our stock since our IPO. It will raise the visibility of Covestro shares on the international financial markets in the future."
With 2015 sales of EUR 12.1 billion, Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and as of the end of 2015 employed approximately 15,800 people (full-time equivalents).
This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports which are available on the Covestro website at www.covestro.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.