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Covestro AG

1COV.DE

Latest Trade

52.84EUR

Change

-0.16(-0.30%)

Volume

1,134,119

Today's Range

51.82

 - 

53.26

52 Week Range

49.30

 - 

63.24

As of on the XETRA ∙ Minimum 15 minute delay

Pricing

Previous Close
53.00
Open
52.30
Volume
1,134,119
3M AVG Volume
18.03
Today's High
53.26
Today's Low
51.82
52 Week High
63.24
52 Week Low
49.30
Shares Out (MIL)
193.16
Market Cap (MIL)
10,239.60
Forward P/E
6.26
Dividend (Yield %)
2.45

Next Event

Q4 2021 Covestro AG Earnings Release

Latest Developments

More

Fuchs Petrolub To Elect Christoph Loos As Chairman Of Supervisory Board

Fortescue Future Industries & Covestro Announce Plans Of A Long-Term Green Hydrogen Supply Deal

Maire Tecnimont Wins EUR 250 Mln EPC Contract For Aniline Plant In Belgium

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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

2.19 mean rating - 27 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2018

14.6K

2019

12.4K

2020

10.7K

2021(E)

15.0K
EPS (EUR)

2018

9.460

2019

3.020

2020

2.480

2021(E)

8.464
Price To Earnings (TTM)
6.29
Price To Sales (TTM)
0.70
Price To Book (MRQ)
1.42
Price To Cash Flow (TTM)
4.21
Total Debt To Equity (MRQ)
34.58
LT Debt To Equity (MRQ)
32.56
Return on Investment (TTM)
14.60
Return on Equity (TTM)
11.90

Latest News

Latest News

Australia's Fortescue set to supply green hydrogen to Germany's Covestro

Australian iron ore miner Fortescue Metals Group said on Monday it intends to sign a long-term deal to supply German chemicals maker Covestro AG with "green hydrogen" and its derivatives.

Covestro raises 2021 profit forecast for third time

German chemicals maker Covestro on Monday raised its 2021 profit forecast for the third time and was confident about prospects for next year, while adding it was not clear if a boost from higher prices would continue.

Quantum computer software startup QC Ware raises $25 million

QC Ware, a quantum computer software startup based in Silicon Valley with high profile customers like Goldman Sachs Group, Inc, said on Wednesday it raised $25 million.

Covestro in investment drive on surging demand for insulation foams

Germany's Covestro is reviving a shelved plan to build a plant to produce chemicals used in insulation foams as demand for energy efficient construction bolsters earnings in the third quarter and beyond.

Covestro in investment drive on surging demand for insulation foams

Covestro is reviving a shelved major investment project to produce chemicals that go into insulation foams as demand for energy efficient construction is bolstering earnings in the third quarter and beyond.

Covestro to cut up to 10% of jobs worldwide -paper

German chemicals maker Covestro plans to cut up to 1,700 of its 16,500 jobs worldwide, the Rheinische Post newspaper said.

German chemicals firm Covestro sees sustained growth

Robust demand and high chemicals prices mean Covestro expects volumes and margins to continue rising beyond 2021, the German company said on Friday.

UPDATE 1-Covestro raises forecasts thanks to margin improvement

German plastics group Covestro AG on Tuesday raised the outlook for its profit, cash flow and return on capital this year on the back of an improvement in margins at its core operating business.

Covestro raises forecasts thanks to margin improvement

German plastics group Covestro AG on Tuesday raised the outlook for its profit, cash flow and return on capital this year on the back of an improvement in margins at its core operating business.

Covestro buys DSM's resins unit for 1.6 billion euros

Germany's Covestro <1COV.DE> will buy Dutch peer DSM's <DSMN.AS> Resins and Functional Materials business for about 1.6 billion euros ($1.88 billion), banking on a rebound of a global economy depressed by the coronavirus pandemic.

Covestro see business rebound continuing through rest of year

Covestro, which on Wednesday agreed to buy coatings businesses from DSM, said the ongoing recovery in demand had gained momentum, giving the chemicals maker confidence about the remainder of the year.

Covestro denies it is in takeover talks with Apollo

German plastics maker Covestro <1COV.DE> rejected a report on Friday that it was in takeover talks with private equity firm Apollo Global Management <APO.N>.

Shares in plastics maker Covestro up 10% on takeover report

Shares in German blue-chip company Covestro <1COV.DE> rose by 9.9% in early trade on Friday after Bloomberg reported private equity firm Apollo Global Management <APO.N> was exploring a takeover of the plastics maker.

Apollo said to weigh deal for $10 billion plastics firm Covestro: Bloomberg News

Private equity firm Apollo Global Management Inc <APO.N> is exploring a takeover of German plastics maker Covestro AG <1COV.DE>, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-09-17/apollo-said-to-weigh-deal-for-10-billion-plastics-firm-covestro?sref...

Exclusive: Plastics maker Covestro's profit bolstered by electronics, furniture

Covestro <1COV.DE> is on track for better-than-expected earnings in the third quarter as stay-at-home workers' appetite to upgrade their mobile devices and furniture drives demand for the company's materials, its finance chief told Reuters.

EXCLUSIVE-Plastics maker Covestro's profit bolstered by electronics, furniture

Covestro is on track for better-than-expected earnings in the third quarter as stay-at-home workers' appetite to upgrade their mobile devices and furniture is driving demand for the company's materials.

EXCLUSIVE-Plastics maker Covestro's profit bolstered by electronics, furniture

Covestro is on track for better-than-expected earnings in the third quarter as stay-at-home workers' appetite to upgrade their mobile devices and furniture is driving demand for the company's materials.

Covestro says recovery continues in July thanks to polycarbonates

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.

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.

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

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