Articles tagged with 'Business & Finance' | Covestro

Investment in the higher double-digit million euro rangeCompletion planned by 2025Applications in ID card, automotive and electronics industriesGrowing range of more sustainable films

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 neutrality more imp...

Find all documents at a glance here: Our press release on the results for fiscal 2022, the presentation of the Annual Press Conference, the link to our Annual Report 2022 as well as images and further information....

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 expansionExpansion to happen in three phases: First phase to be completed in late 2025, final phase to be completed in 2033Total...

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 technologyNew plant strengthens European MDI production network of CovestroInvestment 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...

New research group launchedProgress in extracting chemicals from plantsFurther stimulus for the circular economy

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...

Economic conditions require project reassessmentMDI remains a growth market long-termNo fundamental investment stop

Group Sales rise to EUR 4.6 billion (+7.3%)EBITDA of EUR 302 million (–65.0%)Net income total EUR 12 million (–97.5%)Free operating cash flow (FOCF) falls to EUR 33 million (–91.3%)Full-year guidance for 2022 narrowedFurther milestones on the path to...

Covestro issued its first-ever Schuldschein debt instrument on October 7, 2022. The Schuldschein is linked to an environment, social, governance (ESG) rating. It was issued in tranches comprising fixed and variable interest-rates with terms of three,...

The Supervisory Board of Covestro has appointed Dr. Klaus Schäfer as a member of the Board of Management for an additional period of six months until the end of June 2023. In view of the major geopolitical uncertainties, the Supervisory Board had ask...

Business provides material solutions for common polymer 3D printing processesSale includes R&D facilities, offices and employees in Europe, U.S. and ChinaNew 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 guidanceNet income totals EUR 199 million (–55.7%)Free operating cash flow (FOCF) falls to EUR –462 millionFull-year guidance 2022 adjustedContinued focus on the...

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 demandTotal investment of a mid-double-digit million euro amountNew 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 neutralityReduced earni...

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...

Global demand for TPU specialty films on the riseInvestment in the low double-digit million euro rangeCompletion planned for end of 2023

Actions of the Board of Management and Supervisory Board ratifiedSupervisory Board: Dr. Sven Schneider succeeds Prof. Dr. Rolf NonnenmacherDr. Markus Steilemann: “There can be no sustainability without Covestro”...

Here you will find all the important documents relating to our Annual General Meeting 2022 at a glance: Our press release, the speeches, the link to the live broadcast as well as downloadable images and further links....

Find all documents at a glance here: Our press release on the results for fiscal 2021, the presentation of the Annual Press Conference, the link to our Annual Report 2021 as well as images and further information....

Core volumes sold up by 10%Group sales total EUR 15.9 billion (+48.5%)EBITDA more than doubles (>100%) to EUR 3.1 billionFree operating cash flow increases to EUR 1.4 billion (>100%)Highest dividend in the Group’s history proposed: EUR 3.40Climate ne...

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...

Purchase of JSR Corporation’s remaining 30 percent share in the joint venture Japan Fine Coatings Co., Ltd.Business activities including production and R&D in Japan to be continuedFiber optical market with strong potential due to 5G roll-out...

Fortescue Future Industries intends to supply green hydrogen and its derivatives including green ammonia to CovestroFFI will supply up to 100,000 tonnes of green hydrogen equivalent per year, starting as early as 2024...

Group receives excellent CDP "A-" rating Good performance and transparent communication endorsed Announcement 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...

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...