2024
17
April
2024
|
17:02
Europe/Amsterdam
Actions of the Board of Management and Supervisory Board ratifiedDividend suspended for fiscal year 2023Dr. Markus Steilemann: systematic pursuit of strategy and focus on operations Climate neutrality strategy complete: presentation of Scope 3 …
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27
March
2024
|
10:45
Europe/Amsterdam
World's first production of Covestro using a solvent-free melt process for a wide range of polycarbonate copolymersRapid market launch of new polycarbonate copolymers with customizable properties possibleWide range of applications, starting with the …
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29
February
2024
|
07:10
Europe/Amsterdam
Group sales of EUR 14.4 billion (–20%)EBITDA of EUR 1.1 billion (– 33.2%)Positive free operating cash flow of EUR 232 million (+68.1%)Climate neutrality strategy finalized with scope 3 targetOutlook for 2024: EBITDA between EUR 1.0 and EUR 1.6 …
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2023
21
August
2023
|
07:34
Europe/Amsterdam
The Supervisory Board of Covestro has unanimously appointed Christian Baier as its new Chief Financial Officer (CFO). He will take over from Dr. Thomas Toepfer on October 1, 2023. Dr. Toepfer will leave the company as of August 31, 2023, and …
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09
March
2023
|
10:00
Europe/Amsterdam
Investment in the higher double-digit million euro rangeCompletion planned by 2025Applications in ID card, automotive and electronics industriesGrowing range of more sustainable films
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23
February
2023
|
10:06
Europe/Amsterdam
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 …
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06
February
2023
|
10:05
Europe/Amsterdam
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
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13
January
2023
|
17:57
Europe/Amsterdam
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 …
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2022
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. …
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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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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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2021
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 …
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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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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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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 …
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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
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 …
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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 …
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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 …
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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 …
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