Archive 2016

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
Q3 2019 Interim Statement
Released on October 28, 2019. Details
Annual General Meeting 2019
All information and documents for the Annual General Meeting on April 12, 2019. Details