Articles tagged with 'Business & Finance' | Covestro

Covestro Press (Business & Finance)

2022
29
November
2022
| 10:05 Europe/Amsterdam
New research group launchedProgress in extracting chemicals from plantsFurther stimulus for the circular economy...
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09
November
2022
| 12:00 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
| 08:00 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 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...
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07
October
2022
| 10:05 Europe/Amsterdam
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,...
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06
October
2022
| 09:00 Europe/Amsterdam
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...
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08
August
2022
| 13:00 Europe/Amsterdam
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...
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02
August
2022
| 07:06 Europe/Amsterdam
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...
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29
July
2022
| 17:45 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
| 10:57 Europe/Amsterdam
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...
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03
May
2022
| 07:05 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
| 19:43 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
| 07:05 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
| 07:05 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
| 19:39 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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