Investor News

Read below all our Covestro news for investors.

 
October 25, 2018
Full year guidance confirmed
Solid results in an increasingly challenging market environment
Group sales up 4.8% to EUR 3.7 billion / Core volumes remain stable / EUR 859 million EBITDA at previous year's level / Earnings per share rose by 6.6% to EUR 2.59 / Free operating cash flow down 12.2% to EUR 578 million due to increased investments / Cost savings targeted at EUR 350 million per year more
 
October 09, 2018
Global capacity expansion to strengthen leading position in MDI
Covestro to invest EUR 1.5 billion in new world-scale MDI plant in Baytown, USA
Highly attractive MDI market with long-term growth prospects / New 500 kilotons MDI plant to satisfy demand and accompany industry growth / NAFTA MDI capacity to reach 740 kilotons per year by end of 2024 / Extending Covestro's regional and global MDI leadership position more
 
September 04, 2018
Joint news of LyondellBasell and Covestro
LyondellBasell and Covestro kick off investment project in Maasvlakte-Rotterdam
Innovative new technology realizes annual reduction of up to 140,000 metric tons CO2 emissions more
 
July 26, 2018
Plans to increase investment for further growth
Covestro raises guidance after a strong second quarter
Group sales improved by 10.4% to EUR 3.9 billion / Core volumes up 4.4% / EBITDA grew by 16.2% to EUR 985 million / Earnings per share rose by 28.5% to EUR 3.07 / Free operating cash flow increased by 14.1% to EUR 364 million / Guidance for EBITDA, FOCF and ROCE raised more
 
July 18, 2018
Capacity expansion at four locations
Covestro strengthens its global film production
Total investment of more than 100 million euros / Over 100 new jobs planned / Innovative applications in various industries / In focus: multilayer flat films more
 
April 26, 2018
Group sales and EBITDA up significantly in the first quarter
Covestro well on track
Group sales grew by 5.4% to EUR 3.8 billion / Core volumes stable at a high level / EBITDA up around a quarter to nearly EUR 1.1 billion / Net income rose by 37.6% to EUR 644 million / Free operating cash flow increased by 72.5% / On track for fiscal 2018: guidance confirmed more
 
April 13, 2018
Announced change at the top management of Covestro brought forward
Patrick Thomas to hand over CEO position to Dr. Markus Steilemann on June 1, 2018
Patrick Thomas retires on May 31, 2018, by mutual agreement / Supervisory Board thanks Patrick Thomas for a highly successful transformational development in his leadership decade / Dr. Thomas Toepfer in office as CFO since April 1, 2018 more
 
April 13, 2018
Annual General Meeting in Bonn:
Covestro significantly raises dividend
Patrick Thomas hands over CEO position to Dr. Markus Steilemann on June 1 more
 
March 22, 2018
Continued optimization of asset base:
Covestro sells its Polycarbonates sheets outlet in the USA
Outlet sold to acrylics sheets manufacturer Plaskolite / Business to be continued under new owner / Remaining regional outlets under review to optimize portfolio more
 
March 06, 2018
Fast entry to the most important German equity index
Covestro to become a DAX member
Inclusion effective as of March 19, 2018 / Significant increase in free float and market capitalization since IPO more
 
February 20, 2018
Innovation and sustainability as growth drivers:
Covestro continues its profitable growth path with a record year
Group sales grew 18.8% to EUR 14.1 billion / EBITDA increased 70.6% to EUR 3.4 billion / Net income more than doubled to EUR 2.0 billion / Record in free operating cash flow - EUR 5.0 billion now until 2019 / Dividend proposal: EUR 2.20 per share / Positive forecast for 2018 more
 
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
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Q3 2018 Interim Statement
Released on October 25, 2018. Details
Annual General Meeting 2018
All information and documents for the Annual General Meeting on April 13, 2018 Details