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Business & Finance

Second Quarter of 2019: Solid core volume growth in a difficult environment

Covestro confirms guidance for 2019 after first six months

Core volumes up slightly (+1.1%) / Group sales total around EUR 3.2 billion (–16.9%) / EBITDA at EUR 459 million as expected (–53.4%) / Net income drops to EUR 189 million (–68.7%) / Free operating cash flow at minus EUR 55 million / Q3 EBITDA of around EUR 410 million expected

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Covestro Start-up Challenge enters a new round

From the idea to a venture of their own

Six business ideas relating to the subject of circular economy / Winners of the first Start-up Challenge continue their own venture

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Covestro continues portfolio optimization

Covestro to sell European Systems Houses business to H.I.G. Capital

Sales proceeds in the high-double-digit euro million range / Systems houses with revenues of EUR 230 million / Covestro to remain a key supplier to European Systems Houses / New ownership allows unit to further grow and to position itself as an independent player

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Results influenced by challenging environment as expected

Covestro confirms full year guidance after first quarter

Core volumes slightly down (–1.8%) / Group sales around EUR 3.2 billion (–16.0%) / EBITDA at EUR 442 million in line with expectations (–58.4%) / Net income of EUR 179 million below previous year (–72.2%) / Free operating cash flow at minus EUR 45 million / Guidance for fiscal 2019 confirmed

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2019 Annual General Meeting in Bonn:

Covestro increases dividend to €2.40 per share

Dividend raised for the fourth consecutive year

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PRESS KIT

Annual General Meeting 2019

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Covestro takes gold again in international rating

Highest score for sustainability

Focus on environmental protection and sustainable supply chain

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Intensified research collaboration on industry trends

Covestro fosters open innovation in China

Reinforced partnership with renowned Shanghai Tongji University / Industry-academia platform from incubation to commercialization

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Digital trading platform for chemicals opens new ways to customers

New Covestro Direct Store is Online

Direct purchasing with customized offers for business customers / Additional digital sales channel complements existing sales model

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