Covestro AG / Key word(s): Annual Results
Covestro AG: Preliminary results for fiscal year 2022
13-Jan-2023 / 17:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
In the course of preparing Covestro’s group accounts for fiscal year 2022, preliminary full-year financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on January 12, 2023.
Therefore, Covestro provides already today the following preliminary key financial data for fiscal year 2022:
Preliminary EBITDA amounts to approx. EUR 1,610 million. The previous guidance expected EBITDA to be between EUR 1,700 million and EUR 1,800 million. The consensus expects this figure to be EUR 1,679 million.
The Annual Report 2022 will be published on March 2, 2023.
This ad-hoc statement may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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