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Covestro AG (1COV.DE)

1COV.DE on Xetra

45.03EUR
18 Sep 2019
Change (% chg)

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€45.03
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1,323,168
52-wk High
€73.88
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€37.30

Latest Key Developments (Source: Significant Developments)

Covestro Affirms 2019 EBITDA Guidance
Friday, 12 Apr 2019 

April 12 (Reuters) - Covestro AG <1COV.DE>::REITERATES IT SEES 2019 EBITDA BETWEEN EUR 1.5 AND 2.0 BILLION - AGM SPEECH.  Full Article

Covestro Completes Sale Of US Sheets Business To Plaskolite
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Covestro Ag <1COV.DE>::COMPLETES SALE OF US SHEETS BUSINESS TO PLASKOLITE.  Full Article

Covestro Confirms Q1 EBITDA To Rise Significantly Vs Yr-Earlier
Friday, 13 Apr 2018 

April 13 (Reuters) - Covestro AG <1COV.DE>::CONFIRMS Q1 EBITDA WILL BE SIGNIFICANTLY HIGHER THAN Q1 2017 - CEO AT AGM.CONFIRMS SEES 2018 EBITDA AT AROUND THE 2017 LEVEL.SAYS GUIDANCE TAKES INTO ACCOUNT RISK OF RAMP-UP OF NEW CAPACITIES BY COMPETITORS.CEO SAYS WITH REGARD TO EBITDA, HAD HIGHLY ENCOURAGING START TO THE YEAR.  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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German carbon pricing plan may cost DAX companies billions: report

FRANKFURT Germany's blue-chip companies could face billions of euros in costs to cut carbon emissions under a climate protection plan due to be unveiled by the government on Friday, according to a study by asset manager Union Investment.