Business & Finance
US Polycarbonates sheets business sold to Plaskolite
Covestro completes sale of US sheets business to Plaskolite
moreMoody'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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