Increased profits in challenging market environment

Group sales remain stable at EUR 3.6 billion (+1.0%)  EBITDA increases to EUR 287 million (+3.6%)  Net income reaches EUR 33 million  Free Operating Cash Flow is at EUR 112 million (–63.6%)  Investment Agreement with ADNOC signed  Guidance for 2024…

Covestro signs an Investment Agreement with ADNOC and supports ADNOC’s public takeover offer to all Covestro shareholders

ADNOC International Germany Holding AG makes a takeover offer at €62.00 per Covestro share  The Investment Agreement defines key aspects of the strategic partnership, including clear commitments by ADNOC International to fully support the ‘Sustainab…

Rebounding volumes in a challenging environment

Group sales stable at EUR 3.7 billion (–0.8%)  EBITDA within expectations at EUR 320 million (–16.9%)  Group result at EUR –72 million  Free operating cash flow at EUR –147 million  Guidance for 2024 fiscal year: EBITDA between EUR 1 billion and EUR…

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 s…

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…