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Covestro AG

1COV.DE

Latest Trade

36.98EUR

Change

1.23(+3.44%)

Volume

590,203

Today's Range

36.04

 - 

37.18

52 Week Range

23.54

 - 

48.18

As of on the XETRA ∙ Minimum 15 minute delay

Pricing

Previous Close
35.75
Open
36.04
Volume
590,203
3M AVG Volume
31.23
Today's High
37.18
Today's Low
36.04
52 Week High
48.18
52 Week Low
23.54
Shares Out (MIL)
182.86
Market Cap (MIL)
6,547.74
Forward P/E
-357.09
Dividend (Yield %)
3.35

Next Event

Q2 2020 Covestro AG Earnings Release

Latest Developments

More

Covestro Preliminary Net Loss At About EUR 60 Million

Neste Establishes Strategic Cooperation With Covestro

Covestro To Cut Salaries By 15% For 6 Months From June 1, 2020

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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

51373

Germany

+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

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

2017

14.1K

2018

14.6K

2019

12.4K

2020(E)

10.3K
EPS (EUR)

2017

9.930

2018

9.460

2019

3.020

2020(E)

-0.108
Price To Earnings (TTM)
16.64
Price To Sales (TTM)
0.54
Price To Book (MRQ)
1.17
Price To Cash Flow (TTM)
5.65
Total Debt To Equity (MRQ)
44.96
LT Debt To Equity (MRQ)
33.05
Return on Investment (TTM)
4.22
Return on Equity (TTM)
3.32

Latest News

Latest News

Covestro flags stronger than expected performance in second-quarter

German chemicals group Covestro <1COV.DE> on Thursday said it expected its second quarter results, due to be published on July 23, would come in above market expectations.

Covestro expects Q2 core profit to beat consensus by 55%

Covestro expects to beat quarterly core profit expectations by more than 50%, the German chemicals maker said on Thursday.

Covestro expects to weather crisis thanks to business mix, strong balance sheet

German chemicals maker Covestro <1COV.DE> believes it can weather the coronavirus crisis thanks to its balanced customer base, geographical mix and strong balance sheet, the company said on Wednesday.

BRIEF-Covestro currently not planning to apply for state aid -CFO

* COVESTRO CFO SAYS IS CURRENTLY NOT PLANNING TO APPLY FOR STATE AID Further company coverage:

Covestro Q1 profit sinks on low demand in China, strong competition

German chemicals maker Covestro reported an 89% plunge in quarterly profit on Wednesday, hurt by weak demand in China due to coronavirus pandemic-driven production disruptions and as strong competition led to a decline in products prices.

Covestro cuts 2020 guidance on coronavirus impact

German chemicals maker Covestro <1COV.DE> on Wednesday withdrew its 2020 forecast due to the negative impact of the new coronavirus on business and core volume growth in the first quarter.

BRIEF-Covestro Signs EUR 2.5 Bln New Syndicated Revolving Credit Facility

* COVESTRO SIGNS EUR 2.5 BILLION NEW SYNDICATED REVOLVING CREDIT FACILITY WITH ESG ELEMENT FOR THE FIRST TIME

BRIEF-Covestro CFO Says Q1 EBITDA Guidance Includes EUR 60 Mln Hit From Coronavirus

* COVESTRO SAYS Q1 EBITDA GUIDANCE INCLUDES NEGATIVE CORONAVIRUS EFFECT OF EUR 60 MLN

Covestro sees lower earnings, weaker volume growth in 'challenging' 2020

German chemicals maker Covestro forecast lower first-quarter and 2020 core profit on Wednesday after missing fourth-quarter revenue expectations, citing the impact of the coronavirus outbreak, increased competition and lower prices for its key products.

Covestro sees lower earnings, volume growth in 'challenging' 2020

German chemicals maker Covestro forecast lower first quarter and 2020 core profits on Wednesday after slightly missing fourth-quarter revenue expectations, citing stiff competition and low prices for its key products.

Covestro says suitable takeover targets are rare, asset prices high

German chemicals and plastics maker Covestro's <1COV.DE> chief executive said it was still hard to carry out takeover deals that create value amid stubbornly high asset prices.

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)

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

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