Investor News

Read below all our Covestro news for investors.

 
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
GLOBAL WEBSITE
SHARE PRICE/INDEX
Q1 2017 Interim Statement
Released on April 25, 2017. Details