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Actively managing the crisis: Covestro adapts to current conditions

Covestro meets guidance for first quarter despite coronavirus impact

Core volumes decrease by 4.1% / Group sales total approximately EUR 2.8 billion (– 12.3%) / EBITDA at EUR 254 million in line with guidance (– 42.5%) / Net income at EUR 20 million (– 88.8%) / Free operating cash flow at minus EUR 249 million as expected / 2020 AGM rescheduled to July 30

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Covestro adjusts FY 2020 financial guidance due to effects of the Coronavirus pandemic after reaching its EBITDA target in Q1 2020

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Response to further spread of coronavirus

Covestro postpones Annual General Meeting

Annual General Meeting of Covestro AG will not take place on April 17, 2020, due to coronavirus pandemic / Meeting is postponed to a later date

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Covestro signs EUR 2.5 billion new syndicated revolving credit facility with ESG element for the first time

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Long-term development and sustainable innovations through venture capital

Covestro invests in start-ups

Investments in start-up companies planned in five areas / First investments have already been made

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SPECIALIZED PRESS

Joint development with Toyota Boshoku Corporation

Covestro provides sustainable solution for new concept car Toyota “LQ”

New polyurethane composite concept with kenaf fibers / 30 percent lighter than conventional material

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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

Building up material cycles across value chains

Circularise, Covestro and Domo showcasing plastics traceability solution at CES 2020

Transparency achieved through blockchain technology

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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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Sustainable raw materials as the basis for circular economy

Waste, plants, CO2 – the resources of the future

Raw Materials Summit 2019 points way out of the throwaway society / Start-up company wins “Resource Innovator” prize

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