Articles tagged with 'Business & Finance' | Covestro

Covestro Press (Business & Finance)

2021
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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14
October
2020
| 08:15 Europe/Amsterdam
Complete placement of 10,200,000 offered shares Gross proceeds of EUR 447 million Use of proceeds to finance the announced acquisition of the RFM business from DSM ...
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09
October
2020
| 13:46 Europe/Amsterdam
In the course of preparing the Q3 2020 interim statement for Covestro Group, preliminary Q3 key financial data deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Var...
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30
September
2020
| 08:22 Europe/Amsterdam
Covestro to become one of the global leaders in attractive growth market for sustainable coating resins Combining strong innovation capabilities to accelerate transition to circular economy Complementary product portfolios and application industr...
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30
July
2020
| 10:03 Europe/Amsterdam
Progress on the way to a circular economy Economic environment remains challenging Consistent crisis management ensures ability to act Proposed dividend of EUR 1.20 per share ...
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23
July
2020
| 07:00 Europe/Amsterdam
• Core volumes decrease by 22.7% • Group sales total approximately EUR 2.2 billion (–32.9%) • EBITDA of EUR 125 million  • Net income of EUR –52 million • Free operating cash flow rises to EUR 24 million • Consistent crisis management and measur...
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09
July
2020
| 11:57 Europe/Amsterdam
In the course of preparing the half-year financial report 2020 for the Covestro Group, preliminary Q2 key financial data deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, publis...
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05
June
2020
| 18:31 Europe/Amsterdam
• Placement in two tranches with maturities of 5 years and 10 years • Investor demand was exceptionally high with the order book being more than 10 times oversubscribed  • CFO Dr. Thomas Toepfer: "Even in these challenging times, the capital market...
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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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