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Covestro AG (1COV.DE)

1COV.DE on Xetra

43.29EUR
14 Dec 2018
Change (% chg)

€-0.37 (-0.85%)
Prev Close
€43.66
Open
€43.17
Day's High
€43.76
Day's Low
€42.75
Volume
1,266,107
Avg. Vol
1,349,909
52-wk High
€95.78
52-wk Low
€42.75

Latest Key Developments (Source: Significant Developments)

Covestro Concludes EUR 1.5 Billion Share Buyback
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Covestro AG <1COV.DE>::CONCLUDES € 1.5 BILLION SHARE BUYBACK.AROUND 10% OF CAPITAL STOCK BOUGHT BACK.ACQUIRED SHARES WILL BE RETIRED AND CAPITAL STOCK REDUCED BY EUR 19.5 MILLION.  Full Article

Covestro Becomes Majority Stakeholder In Polymer Joint Venture In Japan
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Covestro AG <1COV.DE>::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.TOTAL INVESTMENT SUMS UP TO A LOW DOUBLE DIGIT MILLION EUR.BOTH PARTIES AGREED TO NOT DISCLOSE ANY FURTHER FINANCIAL DETAILS OF TRANSACTION.CLOSING OF DEAL IS PLANNED FOR EARLY Q2 2019, SUBJECT TO APPROVAL FROM RELEVANT AUTHORITY..  Full Article

Covestro Cuts FY 2018 Guidance
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Covestro AG <1COV.DE>::DGAP-ADHOC: COVESTRO AG: GUIDANCE FOR FY 2018 ADJUSTED.LOW-SINGLE-DIGIT PERCENTAGE INCREASE IN CORE VOLUME GROWTH IS EXPECTED FOR 2018.FREE OPERATING CASH FLOW (FOCF) IS EXPECTED TO FINISH CURRENT YEAR SLIGHTLY BELOW PREVIOUS YEAR'S LEVEL (EUR 1.84 BILLION IN 2017).2018 EBITDA IS EXPECTED TO FINISH YEAR SLIGHTLY BELOW LEVEL OF 2017 (EUR 3.44 BILLION IN 2017).FOR FY 2018, RETURN ON CAPITAL EMPLOYED (ROCE) IS EXPECTED TO BE SLIGHTLY BELOW LEVEL OF PREVIOUS YEAR (33.4% IN 2017).IN Q4, A SLIGHT CORE VOLUME GROWTH IS EXPECTED DESPITE BURDEN FROM LOW WATER LEVELS OF RHINE RIVER.ADJUSTED. GUIDANCE IS RESULT OF EBITDA LEVELS BELOW PREVIOUS EXPECTATIONS, HIGHER-THAN-EXPECTED FUNDS TIED UP IN WORKING CAPITAL AND HIGHER INVESTMENTS.  Full Article

Covestro Says Steilemann To Take Over As CEO On June 1
Friday, 13 Apr 2018 

April 13 (Reuters) - Covestro AG <1COV.DE>::PATRICK THOMAS TO HAND OVER CEO POSITION TO DR. MARKUS STEILEMANN ON JUNE 1, 2018.  Full Article

Covestro expects 85 mln eur positive one-off from U.S. tax cuts
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Covestro AG <1COV.DE> says::EXPECTS POSITIVE EFFECT FROM RECENTLY ENACTED U.S. TAX REFORM‍​.POSITIVE ONE-TIME EFFECT OF ABOUT EUR 85 MILLION ON NET INCOME EXPECTED IN 2017.ADJUSTS THE GUIDANCE FOR ITS GROUP TAX RATE FROM ABOUT 28% TO ABOUT 24% FOR FINANCIAL YEAR 2017.ALSO EXPECTS A POSITIVE IMPACT ON 2018, LOWERING THE COMPANY'S GROUP TAX RATE BY ONE TO TWO PERCENTAGE POINTS IN COMPARISON WITH THE ORIGINALLY EXPECTED GROUP TAX RATE..  Full Article

Covestro Renewed Management Board Contract With Klaus Schaefer
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Covestro AG <1COV.DE>::COVESTRO RENEWED CONTRACT WITH BOARD OF MANAGEMENT MEMBER DR. KLAUS SCHÄFER.HAS EXTENDED CONTRACT OF KLAUS SCHÄFER BY FIVE YEARS UNTIL THE END OF 2022 ON JANUARY 1, 2018.  Full Article

Covestro and Haier sign global strategic cooperation agreement​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - COVESTRO AG <1COV.DE>::‍COVESTRO AND HAIER SIGN GLOBAL STRATEGIC COOPERATION AGREEMENT​.  Full Article

Covestro will seek approval for more buybacks -CEO
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Covestro <1COV.DE>:Ceo says share buyback was maximum allowed under agm vote, will ask for approval at next agm to buy back another 10 percent of stock capital.Ceo says multiples to pay in m&a have been "way too high", couldn't find anything that was value-creating.Ceo says will lift 2021 cumulative cash flow target at the end of this year or early next year.  Full Article

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Thyssenkrupp fills key management posts after year of turmoil

FRANKFURT Thyssenkrupp moved on Friday to fill key management positions, preparing for the spin off its capital goods business after a tumultuous year that saw the resignation of the conglomerate's top leadership.