Investor Relations
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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Covestro takes gold again in international rating
Highest score for sustainability
Focus on environmental protection and sustainable supply chain
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Further growth in demand in an increasingly challenging market environment
Covestro raises dividend after strong business performance in 2018
Continued core volume growth at 1.6% / Group sales rise to EUR 14.6 billion / EBITDA declines to EUR 3.2 billion / Proposed dividend of EUR 2.40 per share / Around EUR 1.7 billion returned to stockholders through share buy-back and dividends / 2019 guidance influenced by further volume growth and lower margins
moreBuyback program completed around half a year earlier than planned
Covestro concludes share buyback of EUR 1.5 billion
Around 10% of capital stock bought back / Acquired shares will be retired and capital stock reduced by EUR 19.5 million / Board of Management aims to lay foundations for further buybacks
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Further strengthening of global TPU business
Covestro becomes majority stakeholder in DIC Covestro Polymer joint venture in Japan
Covestro raises stake from 50% to 80% / Partnership with DIC Corporation continues / Acquisition as part of Covestro’s global growth strategy
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