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Covestro AG (1COV.DE)

1COV.DE on Xetra

57.80EUR
6:30am EDT
Change (% chg)

€0.24 (+0.42%)
Prev Close
€57.56
Open
€58.18
Day's High
€58.74
Day's Low
€57.42
Volume
441,926
Avg. Vol
976,606
52-wk High
€95.78
52-wk Low
€56.76

Latest Key Developments (Source: Significant Developments)

Covestro Says Steilemann To Take Over As CEO On June 1
Friday, 13 Apr 2018 03:04am EDT 

April 13 (Reuters) - Covestro AG <1COV.DE>::PATRICK THOMAS TO HAND OVER CEO POSITION TO DR. MARKUS STEILEMANN ON JUNE 1, 2018.  Full Article

Covestro expects 85 mln eur positive one-off from U.S. tax cuts
Monday, 15 Jan 2018 12:06pm EST 

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 05:06am EST 

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 05:05am EDT 

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 03:00am EDT 

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 to invest $1.7 billion in Texas chemical plant

FRANKFURT Germany's Covestro will invest 1.5 billion euros ($1.7 billion) in a new plant in Texas to produce the main chemical used in polyurethane foams, taking up a challenge posed by rivals' growth plans.