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Business & Finance

Awards for innovative business ideas on new materials

Covestro promotes entrepreneurship in chemistry

Partner of University Innovation Challenge and Chem Start-up Award / Focus on open innovation with universities and start-ups

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Joint press release of LyondellBasell and Covestro

LyondellBasell and Covestro kick off investment project in Maasvlakte-Rotterdam

Innovative new technology realizes annual reduction of up to 140,000 metric tons CO2 emissions

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Greater focus on sustainable product solutions and technologies:

MSCI upgrades sustainability rating of Covestro

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US Polycarbonates sheets business sold to Plaskolite

Covestro completes sale of US sheets business to Plaskolite

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Moody's raises credit rating to Baa1 with stable outlook

Moody's upgrades Covestro

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Plans to increase investment for further growth

Covestro raises guidance after a strong second quarter

Group sales improved by 10.4% to EUR 3.9 billion / Core volumes up 4.4% / EBITDA grew by 16.2% to EUR 985 million / Net income rose by 24.8% to EUR 604 million / Free operating cash flow increased by 14.1% to EUR 364 million / Guidance for EBITDA, FOCF and ROCE raised

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Capacity expansion at four locations

Covestro strengthens its global film production

Total investment of more than 100 million euros / Over 100 new jobs planned / Innovative applications in various industries / In focus: multilayer flat films

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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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