Articles tagged with 'business & finance' | Covestro

Already today, Covestro is publishing the following preliminary financial data for the first half year 2026: Preliminary sales amount to EUR 6,729 million.Preliminary EBITDA amounts to EUR 669 million. This development is mainly …

World-scale MDI train at Covestro Integrated Site Shanghai in China with production start at the end of the decadeUAE feasibility study for second new world-scale MDI train based on existing partnership with TA'ZIZ and FertiglobeBoth MDI production …

Actions of the Board of Management and Supervisory Board ratifiedTransfer of the shares held by the minority shareholders to XRG P.J.S.C. approved against cash compensation of EUR 59.46 per share (squeeze-out under German stock corporation …

The Supervisory Board of Covestro has unanimously decided to appoint Klaus Fröhlich as the new Chief Financial Officer (CFO). The 53-year-old will assume the role from Christian Baier effective October 1, 2026. Christian Baier will leave the company …

XRG P.J.S.C., Abu Dhabi, United Arab Emirates (“XRG”), today submitted to the Board of Management of Covestro AG (ISIN: DE0006062144 / WKN 606214) the formal request in accordance with Section 327a para. 1 sentence 1 of the German Stock Corporation …

Group sales at EUR 12.9 billion (–8.7%)EBITDA of EUR 740 million (–30.9%)Free Operating Cash Flow of EUR –283 millionSTRONG program with EUR 275 million in realized savingsPartnership with XRG completed; capital increase strengthens balance …

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The Chief Executive Officer of Covestro AG, Dr Markus Steilemann, today informed the Chairman of the Supervisory Board of the Company that he will not be available for a further term of office upon the expiry of his current term, which runs until …

Covestro AG decides to apply for switch from the Prime Standard to the General Standard of the Frankfurt Stock Exchange.The shares of Covestro AG (WKN 606214 / ISIN DE0006062144) are currently admitted to trading on the regulated market of the …

XRG P.J.S.C. today informed Covestro AG that the general meeting of Covestro AG shall resolve the transfer of the shares held by the minority shareholders to XRG P.J.S.C. in return for appropriate cash compensation pursuant to sec. 327a para. 1 …

Leadership transition in Supervisory Board following successful completion of strategic partnership with XRGDr. Rainer Seele has succeeded Dr. Richard Pott effective 20 December 2025

Christian Baier, Chief Financial Officer of Covestro AG, has informed the Chairman of the Supervisory Board that he will not be renewing his contract and will leave the company upon expiry of his term in September 2026 at his own request. By sharing …

EUR 1.17 billion capital increase has been executedClosing marks official start of partnership

German Foreign Investment Control approval receivedAll closing conditions fulfilled: transaction expected to close in the coming daysPartnership marks a new chapter of close cooperation with focus on disciplined, long-term value-creationCovestro …

Group revenue falls to EUR 3.2 billion (–12%)EBITDA at EUR 242 million at the upper end of the forecastConsolidated net income at EUR –47 millionFree operating cash flow at EUR 111 millionEBITDA forecast for 2025 narrowedSustainable growth: Pontacol …

10 years of breakthrough innovationsGlobal success story: EUR 4bn invested including strategic RFM acquisitionRegional celebrations honor employees through unique community initiativesFuture vision: climate neutrality, renewable materials, …

Covestro has successfully completed the acquisition of Pontacol, a Swiss manufacturer of multilayer adhesive films, effective August 28, 2025. The company had already announced the agreement in June 2025.

Strengthening of Solutions & Specialties segmentStep in long-term growth strategyFurther improving aliphatics production portfolio by acquiring sites for production of isocyanate derivatives in Freeport, USA and Rayong, Thailand 

Group sales of EUR 3.4 billion (–8.4%) due to price declineEBITDA at EUR 270 million (–15.6%) in line with forecastConsolidated net income at EUR –59 millionFree operating cash flow at EUR –228 millionFull-year forecast adjusted: EBITDA between EUR …

Dr. Thorsten Dreier will remain Chief Technology Officer of Covestro for a further five years. The Supervisory Board has extended his contract, which runs until June 2026, ahead of schedule from July 1, 2026 to June 30, 2031.

Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed over weighted average cost of capital (ROCE over WACC) for fiscal year 2025. This is a consequence of a continuously weak global economy without …

Significant step in long-term growth strategyExpansion of product and technology portfolio with innovative film solutionsStronger market presence in Europe through additional production capacitiesAttractive value creation potential through synergies …

Group sales of around EUR 3.5 billion EBITDA at the upper end of the forecast at EUR 137 millionNet income at EUR –160 millionFOCF of EUR –253 millionFull-year guidance narrowed within given ranges

Actions of the Board of Management and Supervisory Board ratifiedFive members of the Supervisory Board reelectedDr. Markus Steilemann: Unswerving implementation of the ongoing transformation with an emphasis on four strategic focus areas 

Here you will find all the important documents relating to our Annual General Meeting 2024 at a glance: Our press release, the speeches, the link to the live broadcast as well as downloadable images and further links.

By 2030, energy consumption per ton of product is to be 20 percent lower than in 2020This corresponds to a saving of around 550,000 tons of CO2 emissionsUse of more efficient processes and innovative technologies makes it possible 

Joint Venture site produced Propylene Oxide and Styrene Monomers (POSM)LYB must ensure assets in portfolio are a long-term strategic fitCovestro works to optimally position the company as part of “Sustainable Future” strategyContinuing commitment to …

Group Sales of EUR 14.2 billion (–1.4%)EBITDA of EUR 1.1 billion (–0.8%)Free operating cash flow of EUR 89 million (–61.6%)High acceptance ratio for ADNOC's takeover offerSavings of EUR 400 million per annum by 2028Outlook for 2025: EBITDA between …

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Investment in the low triple-digit million Euro rangeSignificant capacity increase with multiple new production linesCustomized polycarbonate material solutions for the American market