Media
rainbow

Investor Relations

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

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

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

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

In response to positive market developments:

Covestro continues MDI production in Tarragona

Closure of production facility suspended

more

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

Covestro lifts force majeure on polyurethane raw materials

Supplier of nitric acid has re-started production

more

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

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

Force majeure on polyurethane raw materials MDI and TDI remains in effect

Covestro expects no negative effects on business targets for 2016

more