Articles tagged with 'Business & Finance' | Covestro

Covestro Press (Business & Finance)

2022
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 neutralityReduced earni...
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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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22
April
2022
| 10:06 Europe/Amsterdam
Global demand for TPU specialty films on the riseInvestment in the low double-digit million euro rangeCompletion planned for end of 2023...
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21
April
2022
| 16:42 Europe/Amsterdam
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”...
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21
April
2022
| 07:00 Europe/Amsterdam
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....
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01
March
2022
| 07:00 Europe/Amsterdam
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....
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01
March
2022
| 07:00 Europe/Amsterdam
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...
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28
February
2022
| 19:38 Europe/Amsterdam
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...
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18
January
2022
| 08:00 Europe/Amsterdam
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...
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17
January
2022
| 09:00 Europe/Amsterdam
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...
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2021
07
December
2021
| 13:00 Europe/Amsterdam
Group receives excellent CDP "A-" rating Good performance and transparent communication endorsed Announcement of climate neutrality target planned for the first quarter of 2022 ...
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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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28
September
2021
| 13:00 Europe/Amsterdam
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...
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06
August
2021
| 07:00 Europe/Amsterdam
Core volumes sold up by 35.0% Group sales of more than EUR 3.9 billion (+83.5%) EBITDA rises to EUR 817 million (>500%) Net income totals EUR 449 million Strong increase in free operating cash flow to EUR 374 million Increased earnings guid...
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27
July
2021
| 10:00 Europe/Amsterdam
Covestro has successfully completed the sale of its 51 percent share in the joint venture Pearl Covestro Polyurethane Systems FZCO in Dubai (United Arab Emirates), effective as of July 26, 2021. The proceeds are in the mid-single-digit million euro r...
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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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01
July
2021
| 08:00 Europe/Amsterdam
The guiding principle: to become fully circular Milestone in implementing the new strategy achieved Business reorganized into seven business entities Future reporting in two segments Focus on customer centricity and sustainability ...
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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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23
April
2021
| 09:59 Europe/Amsterdam
Increasing demand for specialty films Production with the most advanced technology Around 30 new jobs added Competence center for multilayer flat films ...
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16
April
2021
| 10:01 Europe/Amsterdam
Here you will find all the important documents relating to our Annual General Meeting 2021 at a glance: Our press release, the speeches by CEO Dr. Markus Steilemann and CFO Dr. Thomas Toepfer, the link to our live broadcast, as well as downloadable i...
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16
April
2021
| 10:00 Europe/Amsterdam
Strong finish to an exceptional year 2020 Continued growth trajectory: earnings outlook raised 2021 in the light of new strategy: aligned structure as of July Board of Management compensation linked to sustainability Proposed dividend of EUR 1....
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13
April
2021
| 19:37 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 better than previously expected business development. The new expectation exceeds the previously ...
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01
April
2021
| 14:15 Europe/Amsterdam
Covestro to become one of the leading global suppliers for sustainable coating resins Acquisition adds around EUR 1 billion in revenues Consequent implementation of sustainable growth strategy ...
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01
March
2021
| 10:00 Europe/Amsterdam
Proceeds in the mid-single-digit million euro range Closing expected in the first half of 2021 Systems house continues doing business independently, Covestro remains key supplier ...
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23
February
2021
| 07:00 Europe/Amsterdam
Find all important documents at a glance here: The presentation of the annual press conference, our press release on the results of fiscal 2020, our key financial figures as well as images and further links. ...
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23
February
2021
| 07:00 Europe/Amsterdam
Core volumes down by 5.6% Group sales approximately EUR 10.7 billion (–13.7%) EBITDA as forecasted at approximately EUR 1.5 billion (–8.2%) Free operating cash flow increased to EUR 530 million (+12.1%) Proposed dividend of EUR 1.30, new divide...
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05
February
2021
| 10:00 Europe/Amsterdam
Significant increase of production capacity at the Shanghai site Environmentally compatible products replace solvent-based types Versatile applications in automobiles, furniture, textiles and shoes ...
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2020
08
December
2020
| 19:03 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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12
November
2020
| 10:00 Europe/Amsterdam
Covestro has started construction of a new production plant for Vulkollan® raw materials in the Map Ta Phut industrial zone in Thailand. With the new plant, the company aims to satisfy the growing demand for high-performance elastomers and to serve t...
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27
October
2020
| 07:00 Europe/Amsterdam
Core volumes up by 3.0% Group sales total around EUR 2.8 billion (–12.7%) EBITDA of EUR 456 million (+7.3%) driven by cost-cutting measures Net income of EUR 179 million (+21.8%) Free operating cash flow rises to EUR 361 million (+48.6%) Guida...
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