Investor Relations
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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The world's largest corporate supply contract for offshore wind energy
Covestro goes for green electricity
Long-term agreement signed with supplier Ørsted / Signal effect for the expansion of renewable energies intended
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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
moreNext 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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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
moreCovestro 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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