Investor News

Read below all our Covestro news for investors.

January 15, 2018
Positive impact on group tax rate
Covestro expects positive effect from recently enacted U.S. tax reform
Positive one-time effect of ca. EUR 85 million on net income expected in 2017 / Additional positive impact on coming years more
December 11, 2017
Commitment to MDI market:
Covestro continues production at Tarragona site
Investment of around EUR 200 million / Debottlenecking to increase MDI capacity to 220,000 metric tons / Own chlorine production to be established more
October 24, 2017
Strongest quarter in company's history
Covestro raises the bar and announces share buyback
Group sales rise 16.9% to EUR 3.5 billion / Core volumes up 2.6% over prior-year quarter / EBITDA climbs 50.2% to EUR 862 million / Net income grows 89.6% to EUR 491 million / Free operating cash flow increases 1.9% to EUR 658 million / EUR 1 billion in sales via online platform announced / Share buyback of up to EUR 1.5 billion of stock capital more
July 25, 2017
Group sales and profitability substantially increased
Strong second-quarter earnings for Covestro
Group sales up 17.0% to EUR 3.5 billion / Core volumes down slightly by 1.6% / EBITDA grew 56.5% to EUR 848 million / Net income more than doubled to EUR 484 million / Free operating cash flow (FOCF) up 34.6% more
June 29, 2017
Covestro holds Capital Markets Day:
Committed to creating value
EUR 5 billion in FOCF over the next five years anticipated / Available excess cash will be returned to shareholders more
June 02, 2017
After Frank H. Lutz' resignation as CFO of Covestro:
CEO Patrick Thomas takes over interim CFO responsibilities at Covestro
Long-term successful strategy to be continued / CFO succession planning on the way more
May 24, 2017
Changes at the top of Covestro's Board of Management by end of Q3 2018
Covestro plans for succession of CEO
Patrick Thomas' term as CEO runs until 30 September 2018 / Successful strategy will be continued / Supervisory Board unanimously appointed Dr. Markus Steilemann as successor more
May 16, 2017
Covestro responds to strong customer demand in polycarbonates
Further increase of polycarbonate production
Total capacity in Shanghai to reach 600,000 tons per year more
April 25, 2017
Positive momentum continued, forecast raised:
Strong first quarter for Covestro
Core volumes up 9.0% year-on-year / EBITDA grew 66.5% to EUR 846 million / Net income rose 157.1% to EUR 468 million / Free operating cash flow 174% higher year-on-year / Forecast raised more
February 20, 2017
All targets reached or exceeded:
Covestro achieves record year
Core volumes up 7.5% year-on-year / Adjusted EBITDA rose by 22.7% to EUR 2.0 billion / Strong increase in Free Operating Cash Flow / Net income more than doubled / Proposed dividend of EUR 1.35 per share / Confident outlook for 2017 more
December 27, 2016
Covestro lifts force majeure on polyurethane raw materials
Supplier of nitric acid has re-started production more
December 01, 2016
Easier access to U.S. capital market
Covestro launches sponsored American depositary receipt (ADR) program
Access to shares simplified for global investors / Foundation for U.S. employees to take part in future share participation programs / Bank of New York Mellon to serve as depositary bank more
October 25, 2016
Forecast again raised slightly:
Covestro continues strong results in third quarter
Core volumes up 9.1% year-on-year / Adjusted EBITDA rose by 21.9% to EUR 574 million / Net income increased by 61.9% to EUR 259 million / Free Operating Cash Flow more than doubled / Forecast for full-year 2016 again raised slightly more
October 14, 2016
Force majeure on polyurethane raw materials MDI and TDI remains in effect
Covestro expects no negative effects on business targets for 2016 more
October 12, 2016
Covestro doubles production capacities for high-tech plastic at Shanghai site
Global number one in polycarbonate resins
Inauguration of two new production lines / Responding to growing demand in Asia / Last cornerstone of multi-year investment program more
July 26, 2016
Volumes and profitability further increased
Strong second quarter for Covestro
Core volumes increased by 7.7% year-on-year / Adjusted EBITDA rose by 8.8% to EUR 542 million / Net income up 51.3% year-on-year / Bayer loans repaid in full / Outlook raised for full year 2016 more
July 07, 2016
New world-scale plant for precursor HDI in Shanghai, China opened
Covestro expands position in coating raw materials
Capacity at site increased by about 50,000 metric tons per year / Response to growing demand / Production particularly environmentally friendly, efficient and safe more
June 23, 2016
Green light for production repurposing
Covestro expanding capacity at German site
Existing plant will be converted for foam component MDI more
April 25, 2016
Profitability and volumes increased in the first quarter
Covestro makes a strong start to 2016
EBITDA rose by 29.3% to EUR 508 million / Earnings improved with contributions from all segments / Core volumes 8.5% higher than in prior-year quarter / Strong core volume growth at Polyurethanes and Polycarbonates / Forecast for full year 2016 confirmed more
March 04, 2016
Successful first step in the international debt market:
Covestro issues EUR 1.5 billion of debt
Four times oversubscription demonstrates broad investor interest / Three tranches with terms of two to 8.5 years more
February 26, 2016
Framework for flexible long-term borrowing:
Covestro establishes Debt Issuance Program
Volume of EUR 5 billion / Baa2 rating from Moody's more
February 23, 2016
All financial targets achieved in 2015
Successful first year for Covestro
Adjusted EBITDA up 41.3% compared with 2014 to EUR 1.64 billion / Sales up 2.7% to EUR 12.08 billion / Leap in profits at Polycarbonates - CAS segment with record sales / Free operating cash flow at new high of EUR 964 million / First dividend of EUR 0.70 per share proposed / Volume growth and high cash inflows expected again in 2016 more
December 04, 2015
Materials manufacturer in key stock market index:
Covestro promoted to the MDAX
Share now listed on all exchanges in Germany more
December 04, 2015
Site analysis finalized:
Covestro optimizing MDI production in Europe
Plan is to close the MDI plant in Tarragona, but retain the site as chemical park and center for Polyurethane systems more
November 12, 2015
Optimistic outlook for the full year
Covestro's positive momentum continues
Substantial increase in adjusted EBITDA expected in 2015 / Free operating cash flow on track for new record / Strong third quarter: net income around 62% above prior year more
October 27, 2015
Third quarter of 2015
Covestro substantially improves operating result
Adjusted EBITDA increases year on year by 44.5% to EUR 471 million / Earnings buoyed by supply and demand situation / Sales down 1.4% to EUR 3,020 million / Stable volumes at declining selling prices more
October 07, 2015
Moody's issues Baa2 rating with stable outlook
First rating for Covestro
Polymer manufacturer receives investment-grade rating more
September 01, 2015
Former Bayer MaterialScience now legally and economically independent
Covestro up and running
Leading materials manufacturer has new identity / Stock market flotation by mid-2016 at the latest more
Q3 2017 Interim Statement
Released on October 24, 2017. Details