Investor Relations
Buyback program completed around half a year earlier than planned
Covestro concludes share buyback of EUR 1.5 billion
Around 10% of capital stock bought back / Acquired shares will be retired and capital stock reduced by EUR 19.5 million / Board of Management aims to lay foundations for further buybacks
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Further strengthening of global TPU business
Covestro becomes majority stakeholder in DIC Covestro Polymer joint venture in Japan
Covestro raises stake from 50% to 80% / Partnership with DIC Corporation continues / Acquisition as part of Covestro’s global growth strategy
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Full year guidance confirmed
Solid results in an increasingly challenging market environment
Group sales up 4.8% to EUR 3.7 billion / Core volumes remain stable / EUR 859 million EBITDA at previous year’s level / Net income totals EUR 496 million, up 1.0% over prior year / Free operating cash flow down 12.2% to EUR 578 million due to increased investments / Cost savings targeted at EUR 350 million per year
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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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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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Council of the EU visits RWTH/Covestro Catalytic Center in Aachen
EU and Industry Counting on Sustainable Chemistry
Cutting-edge research needs a more innovation-friendly environment / Further research into the use of CO2 as a resource required
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Comprehensive program sets new standards
Covestro to digitalize operations continuously
Engineering, operations, manufacturing more efficient and safe / Next step of digitalizing operations on a global scale / Digital solutions simplify work
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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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Regional application center to open up market potential of advanced materials
Covestro joins Composite Application Center in Singapore
Significant market potential for fiber-reinforced thermoplastic composites
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