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Covestro AG

1COV.DE

Latest Trade

31.29EUR

Change

0.10(+0.32%)

Volume

768,191

Today's Range

30.79

 - 

31.46

52 Week Range

23.54

 - 

48.18

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Covestro Proposes Dividend Of EUR 1.20 Per Share For 2019

May 19 (Reuters) - Covestro AG <1COV.DE>::PROPOSES A DIVIDEND OF EUR 1.20 PER SHARE FOR FISCAL 2019.PROPOSES A DIVIDEND OF EUR 1.20 PER SHARE FOR FISCAL 2019.BOARD OF MANAGEMENT EXPECTS SIGNIFICANTLY LOWER EARNINGS IN FISCAL 2020, AS DETAILED IN Q1 2020 INTERIM STATEMENT.

Covestro And Teknor Apex Announce A Cooperation Agreement On Compounding TPU

May 6 (Reuters) - COVESTRO AG <1COV.DE>::COVESTRO AND TEKNOR APEX ANNOUNCE A COOPERATION AGREEMENT ON COMPOUNDING TPU.

Covestro currently not planning to apply for state aid -CFO

April 29 (Reuters) - Covestro AG <1COV.DE>::COVESTRO CFO SAYS IS CURRENTLY NOT PLANNING TO APPLY FOR STATE AID.

Covestro Adjusts FY 2020 Guidance Due To Effects Of Coronavirus Pandemic

April 15 (Reuters) - COVESTRO AG <1COV.DE>::ADJUSTS FY 2020 FINANCIAL GUIDANCE DUE TO EFFECTS OF THE CORONAVIRUS PANDEMIC AFTER REACHING ITS EBITDA TARGET IN Q1 2020.CORE VOLUME GROWTH IS EXPECTED TO BE NEGATIVE FOR 2020 COMPARED TO 2019 (PREVIOUSLY: POSITIVE LOW-SINGLE-DIGIT-PERCENTAGE RANGE)..EBITDA IS EXPECTED TO BE IN RANGE BETWEEN EUR 700 MILLION AND EUR 1,200 MILLION IN 2020 (PREVIOUSLY: BETWEEN EUR 1,000 MILLION AND EUR 1,500 MILLION).FREE OPERATING CASH FLOW (FOCF) IS EXPECTED TO BE IN RANGE BETWEEN EUR -200 MILLION AND EUR 300 MILLION IN 2020 (PREVIOUSLY BETWEEN EUR 0 MILLION AND EUR 400 MILLION).IN 2020, RETURN ON CAPITAL EMPLOYED (ROCE) IS PROJECTED BETWEEN -1% AND 4% (PREVIOUSLY: BETWEEN 2% AND 7%).PUBLISHES A GROUP EBITDA OF EUR 254 MILLION AS A PRELIMINARY NUMBER OF Q1 2020 INTERIM STATEMENT.COVESTRO AG - INCREASES TARGET FOR SHORT-TERM COST SAVINGS TO MORE THAN EUR 300 MILLION IN FY 2020 IN ADDITION TO ONGOING 'PERSPECTIVE' RESTRUCTURING PROGRAM THAT IS EXPECTED TO CONTRIBUTE SAVINGS OF EUR 100 MILLION IN FY 2020.CAPITAL EXPENDITURES (CAPEX) ARE REDUCED BY AROUND EUR 200 MILLION AND ARE NOW EXPECTED TO AMOUNT TO AROUND EUR 700 MILLION IN FY 2020 (PREVIOUSLY: EUR 900 MILLION).CONTINUES TO MAINTAIN A STRONG BALANCE SHEET AND HAS SIGNIFICANT SOURCES OF LIQUIDITY.UPDATE TAKES INTO ACCOUNT NEGATIVE IMPACT OF CORONAVIRUS PANDEMIC AS IT IS FORESEEABLE ON APRIL 15, 2020, AND ASSUMES A RECOVERY OF CURRENT SITUATION STARTING IN Q3 2020.

Covestro Signs EUR 225 Million Loan Facility With European Investment Bank

March 26 (Reuters) - COVESTRO AG <1COV.DE>::COVESTRO SIGNS EUR 225 MILLION LOAN FACILITY WITH EUROPEAN INVESTMENT BANK FOR RESEARCH AND DEVELOPMENT ACTIVITIES:.

Covestro Postpones Annual General Meeting

March 23 (Reuters) - Covestro AG <1COV.DE>::COVESTRO POSTPONES ANNUAL GENERAL MEETING.RESPONSE TO FURTHER SPREAD OF CORONAVIRUS.MEETING IS POSTPONED TO A LATER DATE.RESOLUTION ON USE OF DISTRIBUTABLE PROFIT 2019 AND CONSEQUENTLY, PAYOUT OF DIVIDEND, AMONG OTHER THINGS, WILL BE POSTPONED.

Covestro Sees Q1 Financial Impact By Coronavirus Of €60 Mln

March 20 (Reuters) - Covestro AG <1COV.DE>::SEES Q1 FINANCIAL IMPACT BY CORONAVIRUS OF 60 MILLION EUR.CORONAVIRUS IMPACT ON FY CURRENTLY NOT FORESEEABLE.

Covestro Signs EUR 2.5 Bln New Syndicated Revolving Credit Facility

March 18 (Reuters) - Covestro AG <1COV.DE>::COVESTRO SIGNS EUR 2.5 BILLION NEW SYNDICATED REVOLVING CREDIT FACILITY WITH ESG ELEMENT FOR THE FIRST TIME.COVESTRO AG - CONTRACT WITH A TERM OF FIVE YEARS PLUS TWO ONE-YEAR EXTENSION OPTIONS, EFFECTIVE AS OF MARCH 17, 2020.COVESTRO AG - NEW FACILITY REPLACES EXISTING EUR 1.5 BILLION REVOLVING CREDIT LINE.

Covestro Selected For Joint Development Of Lightweight Polyurethane Composite Material

Feb 26 (Reuters) - COVESTRO AG <1COV.DE>::TOYOTA BOSHOKU CORPORATION SELECTED COVESTRO AS ITS PARTNER FOR JOINT DEVELOPMENT OF NEW LIGHTWEIGHT POLYURETHANE COMPOSITE MATERIAL.

Covestro Sees Drop In February Sales In China Due To Prolonged Holiday Season

Feb 19 (Reuters) - COVESTRO AG <1COV.DE>::EXPECTS TO LOSE 50% OF FEBRUARY SALES IN CHINA DUE TO THE PROLONGED NEW YEAR HOLIDAY SEASON.OPPORTUNITY-BASED, WE CONTINUE TO SCREEN MARKET FOR POTENTIAL ACQUISITION TARGETS.IN CASE OF EXCESS CASH, WE COULD KICK OFF NEW SHARE BUYBACK PROGRAM WITH SHAREHOLDER AUTHORIZATION IN PLACE.WE SEE PRODUCT PRICES ARE STABILIZING ON VERY LOW LEVELS, SEE VERY LIMITED OPPORTUNITIES FOR FURTHER DECLINES.POTENTIAL UPWARD TREND WOULD BE MDI BECAUSE IN TDI AND POLYCARBONATES THE MARKET REMAINS LONG.PROFIT AND LOSS TAX RATE SHOULD BE IN THE RANGE BETWEEN 24% AND 26% IN 2020.

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

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