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Group sales and profitability substantially increased

Strong second-quarter earnings for Covestro

Group sales up 17.0% to EUR 3.5 billion / Core volumes down slightly by 1.6% / EBITDA grew 56.5% to EUR 848 million / Net income more than doubled to EUR 484 million / Free operating cash flow (FOCF) up 34.6%

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Group sales and profitability substantially increased

Strong second-quarter earnings for Covestro

Group sales up 17.0% to EUR 3.5 billion / Core volumes down slightly by 1.6% / EBITDA grew 56.5% to EUR 848 million / Net income more than doubled to EUR 484 million / Free operating cash flow (FOCF) up 34.6%

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Covestro holds Capital Markets Day:

Committed to creating value

EUR 5 billion in FOCF over the next five years anticipated / Available excess cash will be returned to shareholders

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After Frank H. Lutz’ resignation as CFO of Covestro:

CEO Patrick Thomas takes over interim CFO responsibilities at Covestro

Long-term successful strategy to be continued / CFO succession planning on the way

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Changes at the top of Covestro’s Board of Management by end of Q3 2018

Covestro plans for succession of CEO

Patrick Thomas’ term as CEO runs until 30 September 2018 / Successful strategy will be continued / Supervisory Board unanimously appointed Dr. Markus Steilemann as successor

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Covestro responds to strong customer demand in polycarbonates

Further increase of polycarbonate production

Total capacity in Shanghai to reach 600,000 tons per year

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Positive momentum continued, forecast raised:

Strong first quarter for Covestro

Core volumes up 9.0% year-on-year / EBITDA grew 66.5% to EUR 846 million / Net income rose 157.1% to EUR 468 million / Free operating cash flow 174% higher year-on-year / Forecast raised

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In response to positive market developments:

Covestro continues MDI production in Tarragona

Closure of production facility suspended

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All targets reached or exceeded:

Covestro achieves record year

Core volumes up 7.5% year-on-year / Adjusted EBITDA rose by 22.7% to EUR 2.0 billion / Strong increase in Free Operating Cash Flow / Net income more than doubled / Proposed dividend of EUR 1.35 per share / Confident outlook for 2017

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Covestro lifts force majeure on polyurethane raw materials

Supplier of nitric acid has re-started production

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