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Covestro AG (1COV.DE)

1COV.DE on Xetra

76.90EUR
16 Jul 2018
Change (% chg)

€0.24 (+0.31%)
Prev Close
€76.66
Open
€76.54
Day's High
€77.26
Day's Low
€76.28
Volume
468,628
Avg. Vol
1,196,518
52-wk High
€95.78
52-wk Low
€63.17

Latest Key Developments (Source: Significant Developments)

Covestro Confirms Q1 EBITDA To Rise Significantly Vs Yr-Earlier
Friday, 13 Apr 2018 

April 13 (Reuters) - Covestro AG <1COV.DE>::CONFIRMS Q1 EBITDA WILL BE SIGNIFICANTLY HIGHER THAN Q1 2017 - CEO AT AGM.CONFIRMS SEES 2018 EBITDA AT AROUND THE 2017 LEVEL.SAYS GUIDANCE TAKES INTO ACCOUNT RISK OF RAMP-UP OF NEW CAPACITIES BY COMPETITORS.CEO SAYS WITH REGARD TO EBITDA, HAD HIGHLY ENCOURAGING START TO THE YEAR.  Full Article

Covestro expects 85 mln eur positive one-off from U.S. tax cuts
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Covestro AG <1COV.DE> says::EXPECTS POSITIVE EFFECT FROM RECENTLY ENACTED U.S. TAX REFORM‍​.POSITIVE ONE-TIME EFFECT OF ABOUT EUR 85 MILLION ON NET INCOME EXPECTED IN 2017.ADJUSTS THE GUIDANCE FOR ITS GROUP TAX RATE FROM ABOUT 28% TO ABOUT 24% FOR FINANCIAL YEAR 2017.ALSO EXPECTS A POSITIVE IMPACT ON 2018, LOWERING THE COMPANY'S GROUP TAX RATE BY ONE TO TWO PERCENTAGE POINTS IN COMPARISON WITH THE ORIGINALLY EXPECTED GROUP TAX RATE..  Full Article

Covestro Renewed Management Board Contract With Klaus Schaefer
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Covestro AG <1COV.DE>::COVESTRO RENEWED CONTRACT WITH BOARD OF MANAGEMENT MEMBER DR. KLAUS SCHÄFER.HAS EXTENDED CONTRACT OF KLAUS SCHÄFER BY FIVE YEARS UNTIL THE END OF 2022 ON JANUARY 1, 2018.  Full Article

Covestro and Haier sign global strategic cooperation agreement​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - COVESTRO AG <1COV.DE>::‍COVESTRO AND HAIER SIGN GLOBAL STRATEGIC COOPERATION AGREEMENT​.  Full Article

Covestro will seek approval for more buybacks -CEO
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Covestro <1COV.DE>:Ceo says share buyback was maximum allowed under agm vote, will ask for approval at next agm to buy back another 10 percent of stock capital.Ceo says multiples to pay in m&a have been "way too high", couldn't find anything that was value-creating.Ceo says will lift 2021 cumulative cash flow target at the end of this year or early next year.  Full Article

Covestro extends partnership with Mito Polimeri and Plastotecnica‍​
Friday, 21 Jul 2017 

July 21 (Reuters) - COVESTRO AG <1COV.DE>::EXTENDS PARTNERSHIP WITH MITO POLIMERI AND PLASTOTECNICA‍​.RENEWED LONG-STANDING CONTRACTS WITH ITS PARTNERS MITO POLIMERI AND PLASTOTECNICA FOR DISTRIBUTION OF HIGH-PERFORMANCE PLASTICS IN ITALY.  Full Article

Covestro launches expanded film production
Monday, 3 Jul 2017 

July 3 (Reuters) - COVESTRO AG <1COV.DE>:COVESTRO LAUNCHES EXPANDED FILM PRODUCTION.THE TOTAL INVESTMENT OF AROUND EUR 20 MILLION ALSO INCLUDES THE ASSOCIATED INFRASTRUCTURE AND LOGISTICS.  Full Article

Covestro CEO Patrick Thomas to assume role of interim CFO
Friday, 2 Jun 2017 

June 2 (Reuters) - Covestro AG <1COV.DE>:Covestro: CEO Patrick Thomas takes over interim CFO responsibilities at Covestro.Long-Term successful strategy to be continued.CFO succession planning underway.CEO Patrick Thomas will assume role of interim CFO following resignation of Frank H. Lutz..  Full Article

Covestro: Markus Steilemann to become new Chairman of Board of Management
Wednesday, 24 May 2017 

May 24 (Reuters) - COVESTRO AG <1COV.DE>::SUPERVISORY BOARD OF COVESTRO HAS NAMED DR. MARKUS STEILEMANN AS SUCCESSOR OF PATRICK THOMAS AS CHAIRMAN OF COVESTRO BOARD OF MANAGEMENT IN TODAY'S MEETING.CONTRACT OF ACTING CEO PATRICK THOMAS REMAINS UNCHANGED UNTIL END OF SEPTEMBER 30, 2018.  Full Article

Covestro CFO says 2017 investment budget up 130 million eur at 550 million
Tuesday, 25 Apr 2017 

April 25 (Reuters) - Covestro <1COV.DE>:Cfo says mdi, polycarbonate units will likely sustain current strong margins over the long term, tdi market shows signs of overheating and margins will normalise.Cfo says 2017 investment budget up 130 million eur at 550 million eur, 2018 investment budget 650 million eur.  Full Article

Covestro Q1 earnings up on higher prices for foam chemicals

FRANKFURT, April 26 Higher Prices for foam chemicals and transparent plastics helped Germany's Covestro post a gain of more than a quarter in quarterly core earnings.