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rainbow

Business & Finance

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Solid results in a challenging environment

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Fiscal 2019: Further volume growth while prices remain at a low level

Covestro achieves targets in continuing challenging market environment

Core volumes up by 2.0% / Group sales total approximately EUR 12.4 billion (–15.1%) / EBITDA as forecast at approximately EUR 1.6 billion (–49.9%) / Program launched to promote circular economy / Dividend proposal of EUR 2.40 per share / Outlook for 2020: Full year remains challenging

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SPECIALIZED PRESS

Recticel and Covestro collaborate in the development of circular materials

Closing cycles for polyurethane mattresses

Both companies join forces in the PUReSmart research project / First time use of CO2-based cardyon® product in mattresses

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Complete divestment of Covestro’s polycarbonate sheets business

Covestro closed sale of European polycarbonates sheets business to Serafin

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Covestro´s polycarbonate proves suitable for mass production using 3D printing

Covestro provides Signify with polycarbonate for 3D-printed luminaires for a circular economy

Signify makes high-quality, energy-efficient LED lighting products / Company also prints light shades and fittings in the Netherlands using additive manufacturing / New facilities planned in the USA, India and Indonesia / 100 percent recyclable polycarbonate supports a circular economy

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Covestro continues portfolio optimization

Covestro closed sale of European Systems Houses business to H.I.G. Capital

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Third quarter 2019: Full-year forecast confirmed and ranges narrowed

Covestro generates strong volume growth in a continuing challenging environment

Core volumes up by 5.3% / Group sales total approximately EUR 3.2 billion (–14.6%) / EBITDA forecast achieved at EUR 425 million (–50.5%) / Net income down to EUR 147 million (–70.4%) / Free operating cash flow at EUR 243 million (–58.0%) / Ranges for 2019 narrowed in existing forecast

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Materials manufacturer launches strategic program

Covestro plans to promote circular economy

Seeing plastic waste as a valuable resource / Alternative raw materials to break away from crude oil / Fostering recycling through innovative processes

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Fostering innovation from Asia for the world

Covestro expands open innovation in China

New concept to engage with global innovation partners / Ensure innovation leadership and accelerate time to market

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Next step in portfolio optimization

Covestro to sell European polycarbonate sheets business to Serafin Group

New owner to continue and further develop sheets business / Sale is part of Covestro’s efforts to optimize its portfolio / Covestro to remain key supplier to sheets business

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