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Covestro AG (1COV.DE)

1COV.DE on Xetra

35.31EUR
7 Aug 2020
Change (% chg)

€-0.18 (-0.51%)
Prev Close
€35.49
Open
€35.45
Day's High
€35.57
Day's Low
€34.95
Volume
698,091
Avg. Vol
1,449,373
52-wk High
€48.18
52-wk Low
€23.54

Latest Key Developments (Source: Significant Developments)

Covestro Q2 Net Result Swings To Loss Of EUR 52 Million
Thursday, 23 Jul 2020 

July 23 (Reuters) - Covestro AG <1COV.DE>::Q2 GROUP SALES TOTAL APPROXIMATELY EUR 2.2 BILLION (-32.9%).Q2 NET INCOME OF EUR -52 MILLION.Q2 EBITDA OF EUR 125 MILLION.CONFIRMED FULL-YEAR GUIDANCE IT HAD REVISED IN APRIL..  Full Article

Covestro Preliminary Net Loss At About EUR 60 Million
Thursday, 9 Jul 2020 

July 9 (Reuters) - COVESTRO AG <1COV.DE>::PRELIMINARY EBITDA OF EUR 124 MILLION IN Q2 2020 IS ABOVE MARKET EXPECTATION.PRELIMINARY SALES AMOUNT TO EUR 2,156 MILLION IN Q2'20. CONSENSUS EXPECTS THIS NUMBER TO BE EUR 2,223 MILLION.PRELIMINARY VOLUME EFFECT IN SALES AMOUNTS TO -22% IN Q2'20. CONSENSUS EXPECTS THIS NUMBER TO BE -22.5%.PRELIMINARY EBITDA AMOUNTS TO EUR 124 MILLION IN Q2'20. CONSENSUS EXPECTS THIS NUMBER TO BE EUR 80 MILLION.PRELIMINARY NET INCOME AMOUNTS TO AROUND EUR -60 MILLION IN Q2'20. CONSENSUS EXPECTS THIS NUMBER TO BE EUR -107 MILLION.  Full Article

Neste Establishes Strategic Cooperation With Covestro
Wednesday, 27 May 2020 

May 27 (Reuters) - Neste Oyj ::CO AND COVESTRO JOIN FORCES - RENEWABLE RAW MATERIALS FOR PLASTICS PRODUCTION.IN FUTURE, BOTH COMPANIES INTEND TO EXPAND SCOPE OF THEIR PARTNERSHIP, ALSO WITH REGARD TO OTHER TYPES OF POLYMERS.IN FUTURE, BOTH COMPANIES INTEND TO EXPAND SCOPE OF THEIR PARTNERSHIP, ALSO WITH REGARD TO OTHER TYPES OF POLYMERS.STRATEGIC COOPERATION IN EUROPE TO PROMOTE USE OF SUSTAINABLE RAW MATERIALS IN PLASTICS PRODUCTION.  Full Article

Covestro Proposes Dividend Of EUR 1.20 Per Share For 2019
Tuesday, 19 May 2020 

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.  Full Article

Covestro And Teknor Apex Announce A Cooperation Agreement On Compounding TPU
Wednesday, 6 May 2020 

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

Covestro currently not planning to apply for state aid -CFO
Wednesday, 29 Apr 2020 

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

Covestro Adjusts FY 2020 Guidance Due To Effects Of Coronavirus Pandemic
Wednesday, 15 Apr 2020 

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.  Full Article

Covestro Signs EUR 225 Million Loan Facility With European Investment Bank
Thursday, 26 Mar 2020 

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

Covestro Postpones Annual General Meeting
Monday, 23 Mar 2020 

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.  Full Article

Covestro Sees Q1 Financial Impact By Coronavirus Of €60 Mln
Friday, 20 Mar 2020 

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

Covestro says recovery continues in July thanks to polycarbonates

July 23 German chemicals maker Covestro's steady post-pandemic recovery has continued so far in July thanks to a strong performance of its polycarbonate division, the group's finance chief said on Thursday.