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Covestro AG (1COV.DE)

XETRA - XETRA Delayed price. Currency in EUR
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56.34+0.30 (+0.54%)
At close: 5:35PM CEST
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Previous close56.04
Open56.42
Bid56.46 x 12100
Ask56.48 x 6800
Day's range56.14 - 56.64
52-week range39.50 - 63.24
Volume415,627
Avg. volume729,873
Market cap11.048B
Beta (5Y monthly)1.33
PE ratio (TTM)8.04
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.30 (2.35%)
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