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Covestro AG (1COV.DE)

1COV.DE on Xetra

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Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as... (more)


Beta: --
Market Cap(Mil.): €10,104.75
Shares Outstanding(Mil.): 202.50
Dividend: 2.20
Yield (%): 4.41


  1COV.DE Industry Sector
P/E (TTM): 4.26 23.55 32.15
EPS (TTM): 11.71 -- --
ROI: 27.82 10.07 6.94
ROE: 42.92 6.65 6.81

Thyssenkrupp fills key management posts after year of turmoil

FRANKFURT Thyssenkrupp moved on Friday to fill key management positions, preparing for the spin off its capital goods business after a tumultuous year that saw the resignation of the conglomerate's top leadership.

Dec 14 2018

UPDATE 2-Thyssenkrupp fills key management posts after year of turmoil

* Walker appointed CEO of Thyssenkrupp's elevator unit (Recasts, adds elevator CEO appointment, details)

Dec 14 2018

Covestro cuts 2018 profit outlook on competition, shipping costs

FRANKFURT German chemicals maker Covestro warned it expected a slight decrease in earnings this year compared with a gain seen previously, leading its shares to slump to a two-year low.

Nov 20 2018

UPDATE 1-Covestro to cut 900 jobs in 350 mln euros efficiency push

* Q3 EBITDA 859 mln eur vs 830 mln eur poll avg (Adds details on earnings development, outlook)

Oct 25 2018

Covestro aims to cut costs by 350 mln eur from 2021

FRANKFURT, Oct 25 Germany's Covestro plans to reduce costs by 350 million euros ($400 million) per year from 2021, aiming to reign in an increase in expenses from an investment push to widen output capacity.

Oct 25 2018

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.

Oct 09 2018

UPDATE 2-Covestro to invest $1.7 bln in Texas chemical plant

* Baytown project expenditures to peak 2021-2023 (Adds CEO comment on rival projects, investment spread over time)

Oct 09 2018

Covestro to invest 1.5 bln euros in Texas chemical plant

FRANKFURT, Oct 9 Germany's Covestro, the former plastics unit of Bayer, will invest 1.5 billion euros ($1.7 billion) in a new production plant in Baytown, Texas for chemicals that go into rigid insulation foams.

Oct 09 2018

Exclusive: Bayer puts stake in chemical park operator up for sale - sources

FRANKFURT Bayer is inviting financial investors to bid for its 60 percent stake in chemical park operator Currenta after initially failing to agree a sale to its former chemicals subsidiary Covestro, three people familiar with the matter told Reuters.

Sep 17 2018

UPDATE 1-Covestro raises profit guidance and investment plans on strong demand

* Q2 EBITDA up 16.2 percent to 985 bln euros vs f'cast 1.2 bln

Jul 26 2018

Earnings vs. Estimates