Articles tagged with 'Business & Finance' | Covestro

Covestro Press (Business & Finance)

2020
25
May
2020
| 14:39 Europe/Amsterdam
– Agreement between employer and employee representatives on reduction of working hours and salaries – Global solidarity across all group subsidiaries – Long-term strategy remains intact: focus on sustainability and innovation ...
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19
May
2020
| 13:55 Europe/Amsterdam
At its meeting today, the Board of Management of Covestro AG has decided to propose a dividend of EUR 1.20 per share for the 2019 fiscal year to the Annual General Meeting and to carry the remainder of the distributable profit forward to new account....
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15
April
2020
| 11:21 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
| 00:00 Europe/Amsterdam
Annual General Meeting of Covestro AG will not take place on April 17, 2020, due to coronavirus pandemic / Meeting is postponed to a later date ...
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18
March
2020
| 00:00 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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27
February
2020
| 00:00 Europe/Amsterdam
Investments in start-up companies planned in five areas / First investments have already been made ...
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27
February
2020
| 00:00 Europe/Amsterdam
Strategic focus on investments in start-ups / Exclusive partner for unique O.V.M® material technology ...
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19
February
2020
| 00:00 Europe/Amsterdam
                                    ...
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19
February
2020
| 00:00 Europe/Amsterdam
Covestro AG Financial News Conference: Full Year 2019 Results ...
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19
February
2020
| 00:00 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 ...
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03
January
2020
| 00:00 Europe/Amsterdam
Covestro has successfully closed the sale of its European polycarbonates sheets business to the Munich-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Be...
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2019
04
November
2019
| 00:00 Europe/Amsterdam
Covestro successfully closed the sale of its European Systems Houses business to H.I.G. Capital effective as of November 1, 2019. The sales proceeds amount to a high-double-digit euro million sum. The business comprises facilities in the Netherlands,...
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28
October
2019
| 00:00 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 f...
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28
October
2019
| 00:00 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%) / Net income down to EUR 147 million (–70.4%) / Free operating cash flow at EUR 243 million (–58.0%) / Ranges fo...
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16
September
2019
| 00:00 Europe/Amsterdam
New owner to continue and further develop sheets business / Sale is part of Covestro’s efforts to optimize its portfolio / Covestro to remain key supplier to sheets business ...
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24
July
2019
| 00:00 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 aro...
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24
July
2019
| 00:00 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%) / Net income drops to EUR 189 million (–68.7%) / Free operating cash flow at minus EUR 55 million / Q3 EBITDA of aro...
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17
June
2019
| 00:00 Europe/Amsterdam
Sales proceeds in the high-double-digit euro million range / Systems houses with revenues of EUR 230 million / Covestro to remain a key supplier to European Systems Houses / New ownership allows unit to further grow and to position itself as an indep...
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29
April
2019
| 00:00 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%) / Net income of EUR 179 million below previous year (–72.2%) / Free operating cash flow at minus EUR 45 mi...
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29
April
2019
| 00:00 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 / Guidan...
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12
April
2019
| 00:00 Europe/Amsterdam
Address by Dr. Markus Steilemann, Chief Executive Officer, and Dr. Thomas Toepfer, Chief Financial Officer ...
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12
April
2019
| 00:00 Europe/Amsterdam
Dividend raised for the fourth consecutive year ...
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25
February
2019
| 00:00 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 s...
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25
February
2019
| 00:00 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 / Around EUR 1.7 billion returned to stockholders through share buy-back and dividends / 2019 g...
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