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Business & Finance

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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Fostering online business in Asia

Covestro launches flagship store on Alibaba

Further step in digitalization strategy / Offering products for small and medium-sized business customers / Listen and learn to adapt to customer’s needs

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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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PRESS KIT

Annual General Meeting 2018

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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

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Continued 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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Fast entry to the most important German equity index

Covestro to become a DAX member

Inclusion effective as of March 19, 2018 / Significant increase in free float and market capitalization since IPO

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Innovation and sustainability as growth drivers:

Covestro continues its profitable growth path with a record year

Group sales grew 18.8% to EUR 14.1 billion / EBITDA increased 70.6% to EUR 3.4 billion / Net income more than doubled to EUR 2.0 billion / Record in free operating cash flow - EUR 5.0 billion now until 2019 / Dividend proposal: EUR 2.20 per share / Positive forecast for 2018

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Positive impact on group tax rate

Covestro expects positive effect from recently enacted U.S. tax reform

Positive one-time effect of ca. EUR 85 million on net income expected in 2017 / Additional positive impact on coming years

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Continuity at the Covestro Board of Management

Covestro renewed contract with Board of Management member Dr. Klaus Schäfer

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