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Covestro AG (1COV.DE)

XETRA - XETRA Delayed price. Currency in EUR
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54.36+0.10 (+0.18%)
At close: 5:35PM CEST
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Previous close54.26
Open54.70
Bid54.44 x 12100
Ask54.46 x 6800
Day's range54.40 - 55.56
52-week range32.86 - 63.24
Volume363,563
Avg. volume821,660
Market cap10.5B
Beta (5Y monthly)1.36
PE ratio (TTM)12.27
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.30 (2.39%)
Ex-dividend date19 Apr 2021
1y target estN/A
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News
  • EQS Group

    Covestro AG: Raised earnings outlook for 2021

    Covestro AG / Key word(s): Change in Forecast/Preliminary ResultsCovestro AG: Raised earnings outlook for 202112-Jul-2021 / 14:07 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Covestro is raising its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed (ROCE) for fiscal year 2021 as a result o

  • EQS Group

    Covestro AG: Raised EBITDA and FOCF forecast for fiscal year 2020

    Covestro AG / Key word(s): Change in ForecastCovestro AG: Raised EBITDA and FOCF forecast for fiscal year 202008-Dec-2020 / 19:02 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Covestro raises its forecast for EBITDA and Free Operating Cash Flow (FOCF) in fiscal year 2020 as a consequence of a better than expected business development in the fourth quarter 2020. The new expectation exceeds the previously provided financial forecast as well as current capital market expectations.Capital market expectations are based on the average values of latest consensus estimates of financial analysts, published by Vara Research on November 16, 2020.Covestro adjusts its forecast for fiscal year 2020 as follows: EBITDA is expected between EUR 1,440 and 1,500 million. The previous guidance projected an EBITDA at around EUR 1,200 million. The adjustment of the guidance is primarily due to a better margin development in the segments Polyurethanes and Polycarbonates. Consensus expects this number to be EUR 1,199 million.   Free operating cash flow (FOCF) is expected between EUR 400 and 550 million. The previous guidance projected FOCF between EUR 0 and 300 million. The adjustment of the guidance is mainly the result of an increased forecast for EBITDA. Consensus expects this number to be EUR 309 million.   Core volume growth is expected - unchanged - to be below previous year (in 2019: +2.0%). This decline is now expected between -5% and -6%.  The 2020 annual report will be published on February 23, 2021.Forward-looking statementsThis 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.Contact for investors:Ronald Köhler, Head of Investor RelationsPhone: +49 214 6009 5098E-mail: ronald.koehler@covestro.comContact for media:Lars Boelke, Global Corporate Media RelationsPhone: +49 214 6009 4206E-mail: lars.boelke@covestro.com08-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Covestro AG Kaiser-Wilhelm-Allee 60 51373 Leverkusen Germany Phone: +49 (0) 214 60095098 Fax: +49 (0) 214 60097002 E-mail: ronald.koehler@covestro.com Internet: www.covestro.com ISIN: DE0006062144 WKN: 606214 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1153743   End of Announcement DGAP News Service

  • EQS Group

    Covestro AG: Covestro determines the placement price for the new shares

    Covestro AG / Key word(s): Capital IncreaseCovestro AG: Covestro determines the placement price for the new shares13-Oct-2020 / 23:07 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR OTHER COUNTRIES WHERE SUCH A PUBLICATION COULD BE UNLAWFULOctober 13, 2020 - Covestro AG has decided to increase its share capital through partial utilization of its Authorized Capital under the exclusion of shareholders' subscription rights from EUR 183,000,000.00 (divided into 183,000,000 shares) by EUR 10,200,000.00 to EUR 193,200,000.00 (divided into 193,200,000 shares). The 10,200,000 new no-par value ordinary bearer shares were placed with institutional investors by way of an accelerated bookbuilding process and carry dividend rights for the fiscal year 2020.The shares were placed at a placement price of EUR 43.85 per share resulting in gross proceeds of EUR 447 million before deduction of commissions and expenses.The net proceeds from the capital increase shall be used to partially re-finance the purchase price for the announced acquisition of the Resins & Functional Materials business (RFM) from Royal DSM.Admission of the new shares for trading in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange is expected to take place without a prospectus on October 15, 2020. Trading is expected to commence on October 16, 2020. It is intended to include the new shares in the existing listings of the company's shares. The delivery of the new shares is scheduled for October 19, 2020. Following the private placement, Covestro will be subject to a lock-up of 90 days, i.e. an obligation not to, inter alia, issue further shares or financial instruments convertible into shares and not to conduct a further capital increase, subject to market standard exemptions. The lock-up may also be waived with the prior written consent of the Joint Bookrunners.Contact for investors:Ronald Köhler, Head of Investor RelationsPhone: +49 214 6009 5098E-mail: ronald.koehler@covestro.comContact for media:Lars Boelke, Global Corporate Media RelationsPhone: +49 214 6009 4206E-mail: lars.boelke@covestro.comDISCLAIMER:This announcement is not directed to, or intended for distribution to or use by, any natural person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation of such jurisdiction or which would require any registration or licensing within such jurisdiction. Any failure to comply with these restrictions may constitute a violation of the laws of other jurisdictions.The securities of Covestro AG (the "Company") have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act.In member states of the European Economic Area ("EEA"), the placement of shares described in this announcement is only directed at persons who are 'qualified investors' within the meaning of Article 2(e) of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (as amended, the "Prospectus Regulation") ("Qualified Investors"). In the United Kingdom, the placement of shares described in this announcement is only directed at Qualified Investors who are persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"), (ii) falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Order, or (iii) to whom it may otherwise be lawfully communicated; any other persons in the United Kingdom should not take any action on the basis of this announcement and should not act on or rely on it.To the extent this document contains statements related to our future business and financial performance and future events or developments involving the Company and which may constitute forward-looking statements, these statements may be identified by words such as "expect", "forecast", "anticipate", "intend", "plan", "believe", "seek", "estimate", "will", "target" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of the Company's management, of which many are beyond the control of the Company. As they relate to future events or developments, these statements are subject to various risks, uncertainties and factors, including, but not limited to those described in the respective disclosures. Should one or more of these risks, uncertainties or factors materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of the Company may (negatively or positively) vary materially from those described explicitly or implicitly in the forward-looking statement. All forward-looking statements only speak as of the date when they were made and the Company neither intends, nor assumes any obligation, unless required by law, to update or revise these forward-looking statements in light of developments which differ from those anticipated.Information to DistributorsPursuant to EU product governance requirements, the shares have been subject to a product approval process, under which each distributor has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II. Any distributor subsequently offering the shares is responsible for undertaking its own target market assessment in respect of the shares and determining appropriate distribution channels.13-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Covestro AG Kaiser-Wilhelm-Allee 60 51373 Leverkusen Germany Phone: +49 (0) 214 60095098 Fax: +49 (0) 214 60097002 E-mail: ronald.koehler@covestro.com Internet: www.covestro.com ISIN: DE0006062144 WKN: 606214 Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1140737   End of Announcement DGAP News Service