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Covestro AG (1COV.DE)

1COV.DE on Xetra

43.14EUR
26 Jun 2019
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€43.14
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Mon, Apr 29 2019

Covestro Q1 adj EBITDA down 58 pct on lower prices

FRANKFURT, April 29 German chemicals maker Covestro said core profit fell 58 percent, with product prices under pressure as rivals bolster their output.

Covestro warns earnings could halve as competition heats up

FRANKFURT German chemicals maker Covestro said core profit could halve this year as rivals increase production and demand from customers such as the Asian car industry slows.

UPDATE 2-Covestro warns earnings could halve as competition heats up

* Shares fall as much as 5 percent (Adds analyst comment, shares)

Covestro says 2019 EBITDA could halve as competition heats up

FRANKFURT, Feb 25 German chemicals maker Covestro said its 2019 core earnings could fall to as little as half of last year's level as rivals removed production bottlenecks.

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