Business & Finance
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
more
2019 Annual General Meeting in Bonn:
Covestro increases dividend to €2.40 per share
Dividend raised for the fourth consecutive year
more
Covestro takes gold again in international rating
Highest score for sustainability
Focus on environmental protection and sustainable supply chain
more
Intensified research collaboration on industry trends
Covestro fosters open innovation in China
Reinforced partnership with renowned Shanghai Tongji University / Industry-academia platform from incubation to commercialization
more
Digital trading platform for chemicals opens new ways to customers
New Covestro Direct Store is Online
Direct purchasing with customized offers for business customers / Additional digital sales channel complements existing sales model
more
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
more
Fire, smoke and toxicity (FST)-performing honeycomb cores and panels
Covestro and EconCore join forces in composites development
Polycarbonate applications in mass transportation
more
Cross-sector research to turn waste gas into valuable plastics
European industry fosters CO2 reutilization
Next step in collaboration of industrial and academic partners / Evaluation of industrial-scale testing in southern France
more
