Covestro and bp sign long-term supply agreement for solar power in Spain

10-year agreement to supply Covestro with renewable energy from a solar power plant in Spain Contract boosts Covestro’s renewable electricity use in Spain to 30 percent, significantly increasing renewables supply for Tarragona site The agreement supp…

Transformation consistently advanced in challenging fiscal year

Group sales of EUR 14.4 billion (–20%)EBITDA of EUR 1.1 billion (– 33.2%)Positive free operating cash flow of EUR 232 million (+68.1%)Climate neutrality strategy finalized with scope 3 targetOutlook for 2024: EBITDA between EUR 1.0 and EUR 1.6 billio…

Covestro achieves EBITDA guidance for third quarter

Group sales of EUR 3.6 billion (–22.7%)EBITDA of EUR 277 million (–8.3%) meets guidanceNet income of EUR –31 millionFree operating cash flow rises to EUR 308 million (>100%)Full-year guidance narrowed at the lower end of the rangesNew Chief Financial…

Covestro confirms full-year guidance despite weak economic activity

Group Sales of EUR 3.7 billion (–20.9%)EBITDA of EUR 385 million (–29.6%)Net income totals EUR 46 million (–76.9%)Free operating cash flow rises to EUR –10 millionFull-year results expected to be rather at lower half of the guidanceQ3 2023: EBITDA be…

Covestro and Arcesso’s breakthrough Arfinio® technology wins “Best of the Best” interzum award

International award, organized by Koelnmesse and Red Dot, honors outstanding achievements that set new industry standards in form, function, and sustainabilityTechnology marks first-ever use of reaction injection molding (RIM) on aliphatic polyuretha…

Managing challenging times

Group Sales total EUR 18.0 billion (+13.0%)EBITDA of EUR 1.6 billion (–47.6%)Positive free operating cash flow of EUR 138 million (–90.3%)Greenhouse gas emissions fall to 4.7 million metric tons (–9.6%)Circular economy and climate neutrality more imp…

Covestro successfully starts up a new world-scale chlorine plant in Tarragona

First world-scale plant based upon energy efficient ODC technologyNew plant strengthens European MDI production network of CovestroInvestment of 200 million euros creates 50 new jobs in Tarragona

Covestro achieves EBITDA guidance despite looming recession

Group Sales rise to EUR 4.6 billion (+7.3%)EBITDA of EUR 302 million (–65.0%)Net income total EUR 12 million (–97.5%)Free operating cash flow (FOCF) falls to EUR 33 million (–91.3%)Full-year guidance for 2022 narrowedFurther milestones on the path to…

Press Kit for K 2022: “Crafting Connections With You”

At K 2022, the world's largest plastics trade show, Covestro will present innovative products and solutions that support the circular economy and climate neutrality. Developments from the areas of alternative raw materials, innovative recycling techn…

Covestro successfully issues Schuldschein loan worth EUR 650 million equivalent*

Reduced earnings outlook for 2022

Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF), return on capital employed over weighted average cost of capital (ROCE over WACC) and greenhouse gas emissions, measured via CO2 equivalents, for fiscal year 2022. This is a c…

Successful quarter in an increasingly volatile environment

Group sales rise to EUR 4.7 billion (+41.6%)EBITDA of EUR 806 million (+8.5%)Net income amounting to EUR 416 million (+5.9%)Free operating cash flow of EUR 17 million (–94.7%)Further steps toward a circular economy and climate neutralityReduced earni…