Investor Relations
Greater focus on sustainable product solutions and technologies:
MSCI upgrades sustainability rating of Covestro
moreUS Polycarbonates sheets business sold to Plaskolite
Covestro completes sale of US sheets business to Plaskolite
moreMoody's raises credit rating to Baa1 with stable outlook
Moody's upgrades Covestro
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Plans to increase investment for further growth
Covestro raises guidance after a strong second quarter
Group sales improved by 10.4% to EUR 3.9 billion / Core volumes up 4.4% / EBITDA grew by 16.2% to EUR 985 million / Net income rose by 24.8% to EUR 604 million / Free operating cash flow increased by 14.1% to EUR 364 million / Guidance for EBITDA, FOCF and ROCE raised
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Capacity expansion at four locations
Covestro strengthens its global film production
Total investment of more than 100 million euros / Over 100 new jobs planned / Innovative applications in various industries / In focus: multilayer flat films
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Group sales and EBITDA up significantly in the first quarter
Covestro well on track
Group sales grew by 5.4% to EUR 3.8 billion / Core volumes stable at a high level / EBITDA up around a quarter to nearly EUR 1.1 billion / Net income rose by 37.6% to EUR 644 million / Free operating cash flow increased by 72.5% / On track for fiscal 2018: guidance confirmed
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Annual General Meeting in Bonn:
Covestro significantly raises dividend
Patrick Thomas hands over CEO position to Dr. Markus Steilemann on June 1
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Announced change at the top management of Covestro brought forward
Patrick Thomas to hand over CEO position to Dr. Markus Steilemann on June 1, 2018
Patrick Thomas retires on May 31, 2018, by mutual agreement / Supervisory Board thanks Patrick Thomas for a highly successful transformational development in his leadership decade / Dr. Thomas Toepfer in office as CFO since April 1, 2018
moreContinued optimization of asset base:
Covestro sells its sheets outlet in the USA
Outlet sold to acrylics sheets manufacturer Plaskolite / Business to be continued under new owner / Remaining regional outlets under review to optimize portfolio
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