Ensuring competitiveness in a challenging environment

Transformation program STRONG launched  By 2028: EUR 400 million annual savings globally, EUR 190 million of which will be in Germany  Increased efficiency through digitalization and Artificial Intelligence 

Covestro AG enters into concrete negotiations with Adnoc regarding a potential transaction

Covestro becomes a shareholder in company BioBTX

Demonstration plant planned for new chemical recycling methodBioBTX recovers raw materials by recycling plastic wasteCovestro invests mid-single-digit million Euro amount

Covestro gets off to a solid start in fiscal year 2024

Group sales of EUR 3.5 billion (–6.2%)  EBITDA of EUR 273 million (–4.5%)  Net income of EUR –35 million (previous year: EUR –26 million)  FOCF of EUR –129 million (previous year: EUR –139 million)  Guidance for full-year 2024 confirmed  Q2 2024: EB…

Covestro publishes climate neutrality targets for scope 3 emissions

Reduction of 10 million metric tons of greenhouse gases produced in upstream and downstream supply chains (scope 3) by 2035, climate neutrality for scope 3 by 2050  Climate strategy for reducing greenhouse gases complete  Concrete plan for implement…

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 target  Outlook for 2024: EBITDA between EUR 1.0 billion an…

World’s First Pilot Plant for Bio-Based Aniline

Significant step toward producing plasticsbased on plant biomass  New process for petroleum-free raw material on its way to industrial maturity  Another milestone in the promotion of the Circular Economy accomplished 

Covestro and Encina reach an agreement for a long-term supply of circular raw materials

Encina to supply Covestro with chemically recycled raw materials enabling circular MDI, TDI and polycarbonate starting at the end of 2027  Pioneering milestone for raw materials derived from end-of-life plastics  Recycled feedstock reduces carbon fo…

Covestro achieves EBITDA guidance for third quarter

Group sales of EUR 3.6 billion (–22.7%)  EBITDA of EUR 277 million (–8.3%) meets guidance  Net income of EUR –31 million  Free operating cash flow rises to EUR 308 million (>100%)  Full-year guidance narrowed at the lower end of the ranges  New Chie…

Covestro launches mechanical recycling polycarbonate compounding line in China

Shanghai facility is the inaugural dedicated line of its kind of Covestro with an annual capacity of 25,000 tons  Committed to supplying 60,000 tons of recycled-content polycarbonates annually in Asia Pacific by 2026  Expansive range of premium recy…

Covestro expands capacity for TPU films in Germany

Capacity at Bomlitz site expanded  Investment in the low double-digit million Euro range  Global demand for TPU specialty films on the rise 

Covestro AG confirms decision to enter into open-ended discussions with Adnoc