Archive 2017

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
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