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Covestro AG

1COV.DE

Latest Trade

44.87EUR

Change

0.02(+0.04%)

Volume

1,011,208

Today's Range

44.23

 - 

45.41

52 Week Range

37.30

 - 

58.90

As of on the XETRA ∙ Minimum 15 minute delay

Pricing

Previous Close
44.85
Open
45.33
Volume
1,011,208
3M AVG Volume
26.00
Today's High
45.41
Today's Low
44.23
52 Week High
58.90
52 Week Low
37.30
Shares Out (MIL)
182.70
Market Cap (MIL)
8,211.21
Forward P/E
14.64
Dividend (Yield %)
4.90

Next Event

Covestro AG at Credit Suisse London Speciality Chemicals Conference

Latest Developments

More

Covestro CFO Says Expect Challenging Pricing Environment To Continue In 2020

Covestro Narrows Forecast As Q3 Operating Profit Fell By 51% Y/Y

Covestro To Sell European Polycarbonate Sheets Business To Serafin Group

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About Covestro AG

Covestro AG is a Germany-based company engaged in the manufacturing of polymer materials. It develops, produces and markets polyurethanes, polycarbonates and raw materials, as well as coatings, adhesives and other specialties. The Company's activities are divided into three segments: Polyurethanes, offering precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries, and rigid foam used as insulating material in the construction industry and in refrigeration chains; Polycarbonates, providing plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, medical technology, lighting industries, among others; and Coatings, Adhesives, Specialties, producing precursors for coatings, adhesives, sealants and specialties, as well as polymer materials and aqueous dispersions for use in automotive and transportation, wood processing and furniture applications, among others.

Industry

Containers & Packaging

Contact Info

Kaiser-Wilhelm-Allee 60

+49.214.60092000

https://www.covestro.de/

Executive Leadership

Richard Pott

Independent Chairman of the Supervisory Board

Markus Steilemann

Chairman of the Management Board, Chief Executive Officer

Petra Kronen

Vice Chairman of the Supervisory Board

Thomas Toepfer

Member of the Management Board, Chief Financial Officer, Labor Director

Klaus Schaefer

Member of the Management Board, Chief Technology Officer

Key Stats

2.92 mean rating - 26 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2016

11.9K

2017

14.1K

2018

14.6K

2019(E)

12.7K
EPS (EUR)

2016

3.930

2017

9.930

2018

9.460

2019(E)

3.064
Price To Earnings (TTM)
13.82
Price To Sales (TTM)
0.64
Price To Book (MRQ)
1.57
Price To Cash Flow (TTM)
6.23
Total Debt To Equity (MRQ)
35.39
LT Debt To Equity (MRQ)
32.53
Return on Investment (TTM)
6.63
Return on Equity (TTM)
5.26

Latest News

Latest News

Chemicals maker Covestro narrows 2019 outlook in tough markets

German chemicals maker Covestro AG <1COV.DE> narrowed its full-year forecast on Monday amid a challenging economic environment, particularly in the automotive sector, as it reported mixed third-quarter results.

Covestro confirms 2019 outlook despite cooling economy

German chemicals maker Covestro AG <1COV.DE> confirmed its full-year core profit outlook on Wednesday, saying it met its second-quarter targets despite challenging global economic conditions, competitive pressures and weakness in the automotive industry.

Covestro Q1 adj EBITDA down 58 pct on lower prices

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

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.

Covestro says 2019 EBITDA could halve as competition heats up

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.

Covestro cuts 2018 profit outlook on competition, shipping costs

German chemicals maker Covestro <1COV.DE> warned it expected a slight decrease in earnings this year compared with a gain seen previously, leading its shares to slump to a two-year low.

Covestro to cut 900 jobs in 350 million euros efficiency push

Germany's Covestro <1COV.DE> plans to cut 900 jobs globally and reduce costs by 350 million euros (310 million pounds) per year from 2021, aiming to reign in an increase in expenses from an investment push to widen output capacity.

Covestro aims to cut costs by 350 mln eur from 2021

Germany's Covestro plans to reduce costs by 350 million euros ($400 million) per year from 2021, aiming to reign in an increase in expenses from an investment push to widen output capacity.

UPDATE 2-Covestro to invest $1.7 bln in Texas chemical plant

* Baytown project expenditures to peak 2021-2023 (Adds CEO comment on rival projects, investment spread over time)

Covestro to invest 1.5 bln euros in Texas chemical plant

Germany's Covestro, the former plastics unit of Bayer, will invest 1.5 billion euros ($1.7 billion) in a new production plant in Baytown, Texas for chemicals that go into rigid insulation foams.

Bayer puts stake in chemical park operator up for sale - sources

Bayer <BAYGn.DE> is inviting financial investors to bid for its 60 percent stake in chemical park operator Currenta after initially failing to agree a sale to its former chemicals subsidiary Covestro <1COV.DE>, three people familiar with the matter told Reuters.

UPDATE 1-Covestro raises profit guidance and investment plans on strong demand

* Q2 EBITDA up 16.2 percent to 985 bln euros vs f'cast 1.2 bln

Covestro ups profit guidance on strong plastics demand

Germany's Covestro raised its earnings guidance and bolstered its investment ambitions, encouraged by strong demand for its specialty materials such as transparent polycarbonate plastics.

Covestro Q1 earnings up on higher prices for foam chemicals

Higher Prices for foam chemicals and transparent plastics helped Germany's Covestro post a gain of more than a quarter in quarterly core earnings.

Covestro replaces ProSieben in German blue-chip index

Covestro <1COV.DE>, a maker of materials for insulation foams and transparent plastics, will replace broadcaster ProSiebenSat.1 Media <PSMGn.DE> in Germany's blue-chip DAX index <.GDAXI>, after Bayer <BAYGn.DE> sold off Covestro shares.

Covestro to replace ProSiebenSat.1 on Germany's DAX index

Covestro, a maker of materials for insulation foams and transparent plastics, will replace broadcaster ProSiebenSat.1 Media on Germany's blue-chip DAX index, stock exchange operator Deutsche Boerse said.

Covestro says raking in cash at faster rate than expected

Germany's Covestro, a maker of materials for insulation foams and transparent plastics, said it would generate cash at a faster rate than previously thought, helped by demand from undersupplied global materials markets.

BRIEF-KBR Awarded Multi-Year Engineering Services Contract For Covestro's North American Sites

* KBR AWARDED MULTI-YEAR ENGINEERING SERVICES CONTRACT FOR COVESTRO'S NORTH AMERICAN SITES Source text for Eikon: Further company coverage:

Bayer raises higher than expected 1.8 billion euros from Covestro placement

Bayer <BAYGn.DE>, the drug company that is buying seed maker Monsanto <MON.N>, has raised 1.8 billion euros (1.59 billion pounds) from selling a 10.4 percent stake in Covestro <1COV.DE>, nearing a complete divestment from the plastics company.

Bayer raises more than expected in Covestro placement

German drugs and pesticides group Bayer sold 21 million shares in chemicals group Covestro for 86.25 euros per share, raising 1.8 billion euros ($2.15 billion), more than it had expected.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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