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Business & Finance

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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Commitment to MDI market:

Covestro continues production at Tarragona site

Investment of around EUR 200 million / Debottlenecking to increase MDI capacity to 220,000 metric tons / Own chlorine production to be established

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Covestro strengthens its Board of Management

Dr. Thomas Toepfer to be new Chief Financial Officer of Covestro

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Focusing on specific customer benefit

Covestro fosters digital transformation

Innovative solutions for production, research, sales, business models / Up to one billion Euro in sales on digital commerce chemistry platform

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Strongest quarter in company’s history

Covestro raises the bar and announces share buyback

Group sales rise 16.9% to EUR 3.5 billion / Core volumes up 2.6% over prior-year quarter / EBITDA climbs 50.2% to EUR 862 million / Net income grows 89.6% to EUR 491 million / Free operating cash flow increases 1.9% to EUR 658 million / EUR 1 billion in sales via online platform announced / Share buyback of up to EUR 1.5 billion of stock capital

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Strong signal from the workforce

Covestro wins the German Chemistry Award 2017

Company honored for exemplary and sustainable HR performance / Award decision based on a survey of managers / Prize serves as an expression of employees’ faith in the company / Covestro honored for the second time by the VAA

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Chemical industry will use waste gas from steel factories to make plastics

Europeans join forces on CO2

Research project launched with 14 partners from seven countries / EU supports development of a particularly sustainable process

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