1COV.DE - Covestro AG

XETRA - XETRA Delayed price. Currency in EUR
33.94
-0.41 (-1.19%)
At close: 5:35PM CEST
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Previous close34.35
Open34.61
Bid0.00 x 12100
Ask0.00 x 6800
Day's range33.76 - 34.73
52-week range23.54 - 48.18
Volume1,092,415
Avg. volume1,485,389
Market cap6.188B
Beta (5Y monthly)1.41
PE ratio (TTM)15.79
EPS (TTM)2.15
Earnings date23 Jul 2020
Forward dividend & yield1.20 (3.49%)
Ex-dividend date31 Jul 2020
1y target est105.21
  • Covestro Ag passes this 3-point dividend checklist
    Stockopedia

    Covestro Ag passes this 3-point dividend checklist

    For income investors watching volatile market conditions, the comfort of a regular, reliable dividend is hard to overstate. But finding these kinds of shares i...

  • EQS Group

    Covestro AG: Covestro proposes a dividend of EUR 1.20 per share for fiscal 2019

    Covestro AG / Key word(s): Dividend Covestro AG: Covestro proposes a dividend of EUR 1.20 per share for fiscal 2019 19-May-2020 / 12:43 CET/CEST Disclosure 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. * * *At its meeting today, the Board of Management of Covestro AG has decided to propose a dividend of EUR 1.20 per share for the 2019 fiscal year to the Annual General Meeting and to carry the remainder of the distributable profit forward to new account. The Annual General Meeting is scheduled to take place as a virtual event on July 30, 2020. The Board of Management had previously proposed a dividend of EUR 2.40 per share to the Annual General Meeting that was originally planned in Bonn, Germany, on April 17, 2020. The Board of Management currently focuses on securing the company's liquidity and credit rating. As a result of the global coronavirus pandemic, the Board of Management expects significantly lower earnings in fiscal 2020, as detailed in the Q1 2020 interim statement. Despite the economically challenging times, Covestro continues to allow its shareholders to participate in the success of the company. Based on yesterday's Xetra closing price of the Covestro share of EUR 30.49, this dividend proposal equals a dividend yield of 3.9%. Forward-looking statements 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. Contact for investors: Ronald Köhler, Head of Investor Relations Phone: +49 214 6009 5098 E-mail: ronald.koehler@covestro.com Contact for media: Lars Boelke, Global Corporate Media Relations Phone: +49 214 6009 4206 E-mail: lars.boelke@covestro.com * * *19-May-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: 1050515 End of Announcement DGAP News Service

  • Are Dividend Investors Getting More Than They Bargained For With Covestro AG's (ETR:1COV) Dividend?
    Simply Wall St.

    Are Dividend Investors Getting More Than They Bargained For With Covestro AG's (ETR:1COV) Dividend?

    Today we'll take a closer look at Covestro AG (ETR:1COV) from a dividend investor's perspective. Owning a strong...

  • EQS Group

    Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

    Covestro AG 08.05.2020 / 13:57 Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Notification of Major Holdings 1\. Details of issuer Name: Covestro AG Street: Kaiser-Wilhelm-Allee 60 Postal code: 51373 City: Leverkusen Germany Legal Entity Identifier (LEI): 3912005AWHKLQ1CPLV11 2\. Reason for notification X Acquisition/disposal of shares with voting rights Acquisition/disposal of instruments Change of breakdown of voting rights X Other reason: voluntary group notification with triggered threshold on subsidiary level 3\. Details of person subject to the notification obligation Legal entity: BlackRock, Inc. City of registered office, country: Wilmington, Delaware, United States of America (USA) 4\. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5\. Date on which threshold was crossed or reached: 05 May 2020 6\. Total positions % of voting rights attached to shares (total of 7.a.) % of voting rights through instruments (total of 7.b.1 + 7.b.2) Total of both in % (7.a. + 7.b.) Total number of voting rights pursuant to Sec. 41 WpHG New 5.04 % 0.09 % 5.13 % 183000000 Previous notification 5.12 % 0.10 % 5.21 % / 7\. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN Absolute In % Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) DE0006062144 0 9222380 0 % 5.04 % Total 9222380 5.04 % b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in % Lent Securities (right to recall) N/A N/A 140959 0.08 % Total 140959 0.08 % b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in % Contract for Difference N/A N/A Cash 30551 0.02 % Total 30551 0.02 % 8\. Information in relation to the person subject to the notification obligation Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more) BlackRock, Inc. % % % Trident Merger LLC % % % BlackRock Investment Management, LLC % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock Capital Holdings, Inc. % % % BlackRock Advisors, LLC % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock Holdco 4, LLC % % % BlackRock Holdco 6, LLC % % % BlackRock Delaware Holdings Inc. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock (Singapore) Holdco Pte. Ltd. % % % BlackRock (Singapore) Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock Holdco 4, LLC % % % BlackRock Holdco 6, LLC % % % BlackRock Delaware Holdings Inc. % % % BlackRock Fund Advisors % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock Holdco 4, LLC % % % BlackRock Holdco 6, LLC % % % BlackRock Delaware Holdings Inc. % % % BlackRock Institutional Trust Company, National Association % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Australia Holdco Pty. Ltd. % % % BlackRock Investment Management (Australia) Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock (Singapore) Holdco Pte. Ltd. % % % BlackRock HK Holdco Limited % % % BlackRock Asset Management North Asia Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Canada Holdings LP % % % BlackRock Canada Holdings ULC % % % BlackRock Asset Management Canada Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock (Singapore) Holdco Pte. Ltd. % % % BlackRock HK Holdco Limited % % % BlackRock Lux Finco S. a r.l. % % % BlackRock Japan Holdings GK % % % BlackRock Japan Co., Ltd. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock International Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock (Netherlands) B.V. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Advisors (UK) Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Luxembourg Holdco S.a.r.l. % % % BlackRock (Luxembourg) S.A. % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock International Limited % % % BlackRock Life Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Investment Management (UK) Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Luxembourg Holdco S.a.r.l. % % % BlackRock Investment Management Ireland Holdings Limited % % % BlackRock Asset Management Ireland Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Luxembourg Holdco S.a.r.l. % % % BlackRock UK Holdco Limited % % % BlackRock Asset Management Schweiz AG % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Investment Management (UK) Limited % % % BlackRock Fund Managers Limited % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Investment Management (UK) Limited % % % BlackRock Asset Management Deutschland AG % % % - % % % BlackRock, Inc. % % % BlackRock Holdco 2, Inc. % % % BlackRock Financial Management, Inc. % % % BlackRock International Holdings, Inc. % % % BR Jersey International Holdings L.P. % % % BlackRock Holdco 3, LLC % % % BlackRock Cayman 1 LP % % % BlackRock Cayman West Bay Finco Limited % % % BlackRock Cayman West Bay IV Limited % % % BlackRock Group Limited % % % BlackRock Finance Europe Limited % % % BlackRock Investment Management (UK) Limited % % % BlackRock Asset Management Deutschland AG % % % iShares (DE) I Investmentaktiengesellschaft mit Teilgesellschaftsvermögen % % % - % % % 9\. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting: Proportion of voting rights Proportion of instruments Total of both % % % 10\. Other explanatory remarks: Date 08 May 2020 * * *08.05.2020 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 Internet: www.covestro.com End of News DGAP News Service

  • EQS Group

    Covestro AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]

    Covestro AG / Preliminary announcement on the disclosure of financial statements 08.05.2020 / 10:23 Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act] transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Covestro AG hereby announces that the following financial reports shall be disclosed: Report Type: Annual financial report of the group Language: German Date of disclosure: February 23, 2021 Address: https://www.covestro.com/de/investors/reports-and-presentations Language: English Date of disclosure: February 23, 2021 Address: https://www.covestro.com/en/investors/reports-and-presentations * * *08.05.2020 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 Internet: www.covestro.com End of News DGAP News Service

  • Is Covestro AG (ETR:1COV) Better Than Average At Deploying Capital?
    Simply Wall St.

    Is Covestro AG (ETR:1COV) Better Than Average At Deploying Capital?

    Today we'll evaluate Covestro AG (ETR:1COV) to determine whether it could have potential as an investment idea. To be...

  • Covestro cuts 2020 guidance on coronavirus impact
    Reuters

    Covestro cuts 2020 guidance on coronavirus impact

    German chemicals maker Covestro <1COV.DE> on Wednesday withdrew its 2020 forecast due to the negative impact of the new coronavirus on business and core volume growth in the first quarter. The maker of chemicals for heat insulation foams and transparent polycarbonate plastics reported preliminary first-quarter EBITDA of 254 million euros and said it was increasing its 2020 short-term cost savings target to more than 300 million euros.

  • A Note On Covestro AG's (ETR:1COV) ROE and Debt To Equity
    Simply Wall St.

    A Note On Covestro AG's (ETR:1COV) ROE and Debt To Equity

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • What Is Covestro's (ETR:1COV) P/E Ratio After Its Share Price Tanked?
    Simply Wall St.

    What Is Covestro's (ETR:1COV) P/E Ratio After Its Share Price Tanked?

    To the annoyance of some shareholders, Covestro (ETR:1COV) shares are down a considerable 34% in the last month. That...

  • Covestro sees lower earnings, weaker volume growth in 'challenging' 2020
    Reuters

    Covestro sees lower earnings, weaker volume growth in 'challenging' 2020

    It reported core profit of 442 million euros in the first quarter last year and 1.6 billion euros in 2019. The first-quarter guidance includes a negative effect of 60 million euros from the coronavirus epidemic, which has restricted the company's production facilities in China, Chief Financial Officer Thomas Toepfer said in a conference call.

  • Read This Before You Buy Covestro AG (ETR:1COV) Because Of Its P/E Ratio
    Simply Wall St.

    Read This Before You Buy Covestro AG (ETR:1COV) Because Of Its P/E Ratio

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...

  • Is It Time To Consider Buying Covestro AG (ETR:1COV)?
    Simply Wall St.

    Is It Time To Consider Buying Covestro AG (ETR:1COV)?

    Covestro AG (ETR:1COV), which is in the chemicals business, and is based in Germany, received a lot of attention from...

  • Volatility 101: Should Covestro (ETR:1COV) Shares Have Dropped 33%?
    Simply Wall St.

    Volatility 101: Should Covestro (ETR:1COV) Shares Have Dropped 33%?

    For many investors, the main point of stock picking is to generate higher returns than the overall market. But its...

  • ‘Post-Chemical World’ Takes Shape as Agribusiness Goes Green
    Bloomberg

    ‘Post-Chemical World’ Takes Shape as Agribusiness Goes Green

    (Bloomberg) -- Agribusiness is increasingly turning to natural and sustainable alternatives to chemicals as consumers rebuff genetically modified foods and concerns grow over Big Ag’s role in climate change.At the heart of the trend are innovations that harness beneficial microorganisms in the soil, including seed-coatings of naturally occurring bacteria and fungi that can do the same work as traditional chemicals, from warding off pests to helping plants flourish, according to a global patent study by research firm GreyB Services.“Both entrepreneurs and investors are saying, ‘Hey, the writing is on the wall, we’re entering a post-chemical world,’” said Rob LeClerc, chief executive officer of AgFunder, an online venture-capital platform. “The seed companies who have billions in market cap are like ‘We need to do something,’ and everyone recognizes the opportunity.”Much of the handwringing over farm chemicals stems from the recent fate of glyphosate, the most ubiquitous weedkiller ever. Regulators around the world are tightening up rules around using the chemical, including Europe and Mexico. Meanwhile, thousands of lawsuits that could result in billions of dollars in penalties are pending against Bayer AG over whether its glyphosate-containing product, Roundup, caused cancer. Bayer insists it’s safe, and some government agencies such as the U.S. Environmental Protection Agency say it isn’t likely to cause cancer in humans.The global fertilizer and pesticide market is around $240 billion, and grows 2% to 3% a year, according to Ben Belldegrun, a managing partner at Pontifax AgTech, a company that invests in food and agriculture technology. While so-called biologicals including biofertilizers, biopesticides and biostimulants are just 2% of that market, those have been growing closer to 15% a year for the past five years, Belldegrun said.Pressure for less chemical-intensive farming methods is coming from retailers like Walmart Inc., non-governmental organizations and consumers, who are throwing more dollars toward organic and other niche foods with environmental or animal welfare claims.As population increases worldwide, the demand for agricultural products is projected to grow 15% over the next decade with no change in the amount of land available for farming, according to a joint report by the Organization for Economic Cooperation and Development and the United Nations’ Food and Agriculture Organization.“There’s a growing world population and how are we going to feed all of these people?” asked Craig Forney, assistant director for licensing and business development at Iowa State University in Ames, Iowa. “At the same time, we want to protect the environment. We need to use land better and use the resources better.”The answer, Forney said, is “intensified agricultural production to increase productivity of land and do it with minimal chemical support.”Patents give owners the exclusive right to an invention, and can indicate both where research funding is being spent and where companies or universities expect to generate revenue in the future.Companies like BASF SE, Bayer and Syngenta AG have patents on products using naturally-occurring microbes to help crops flourish even when there is low water availability, according to GreyB’s analysis. The microbes can act as catalysts to encourage growth. Biological-based fungicides and insecticides can also help reduce crop damage from insects, slugs and fungi.“Seed-applied biological products can extend the window of disease and pest protection, while some also provide alternate modes of action that can reduce the build-up of resistance, aid with nutrient management and reduce plant stress,” said Chris Judd, BASF’s global strategic marketing manager for Seed Treatment, Inoculants and Biologicals.Evonik Industries AG, Altair Nanotechnologies Inc., Covestro AG and startup Indigo AG have been active in obtaining patents and publishing research in the area of using microbes, as have universities like China’s Zhejiang University and Nanjing Agricultural University, according to GreyB.Likewise, thousands of patents are being issued to companies like BASF, Bayer and Dow Inc. for more natural ways of managing pests including pheromones that deter breeding and reflective mulches, instead of chemical-based insecticides.Germany’s Bayer, which bought agriculture chemical giant Monsanto Co. in 2018, sees “high growth potential” for biologicals, citing a challenging regulatory environment for chemicals and a growing emphasis on sustainability in agriculture. Bayer has a research and development team solely focused on them. The company also is hunting for partnerships to boost its portfolio. Benoit Hartmann, head of biologics at Bayer, said the increased investments show how the science around microbes has matured in recent years.In 2013, BASF acquired seed-treatment supplier Becker Underwood, which helped the company become a leader in biological agents to fight bacteria and fungi. Judd said the company sees demand for biologicals increasing but maintains that they need “to be compatible with an increasing array of chemistries and to have the ability to survive on the seed for adequate periods.”The increased patenting reflects a trend of researchers looking for ways to help promote organic and non-GMO farming, said Nicole Kling, a patent agent with Nixon Peabody who specializes in the biotechnology field.With biologicals, “You’re not introducing chemicals with the scare quotes around it,” Kling said. “You’re not doing anything that would harm the agricultural workers.”Researchers and companies are looking for new solutions for farming with less chemicals because organic farming, the most popular alternative to modern conventional farming, often results in lower yields. Still, demand for food continues increasing. Iowa State and other universities around the world, using government funding or in partnership with companies, are rushing to deal with those competing demands.“The hope is someday in the future they will merge and you will have organic and non-GMO products that are just as productive as Big Ag,” Forney said.That’s where things like precision agriculture to tailor the application of nutrients, artificial intelligence to monitor soil conditions and the development of new plant hybrids come in.Other emerging techniques that could boost yields while helping farmers use less chemicals is artificial intelligence, which is being used to analyze which seeds and crops can yield the most based on changing soil conditions and weather patterns on a farm. The promise of quantum computers would let companies use massive computing power to develop and analyze new seeds and fertilizers.Scientists also are developing new plant varieties, with applications for new varieties up 9% in 2018, according to the World Intellectual Property Organization. China led the growth, with more than a quarter of the applications for new varieties.Much of the research in crop biotech is centered in the U.S., China, Germany, Japan and South Korea, though it’s being adapted to meet local conditions in Africa, Latin America and Asia, according to WIPO, an agency of the U.N.Demand for more food will be greatest in Africa, India and the Middle East. In the developing world, there is little food scarcity because “we did good things with all that ‘better living through chemistry,’” Kling said, referring to a play on an old DuPont motto. It has come at a cost, though.“We’re starting to see some of the effects of that -- all of this wonderful industrialization has contributed to climate change,” Kling said. “We’re starting to see people swing back in the other direction.”(Adds executive comment in fifteenth paragraph)To contact the reporters on this story: Lydia Mulvany in Chicago at lmulvany2@bloomberg.net;Susan Decker in Washington at sdecker1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, ;James Attwood at jattwood3@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does Covestro (ETR:1COV) Have A Healthy Balance Sheet?

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Reuters

    Chemicals maker Covestro narrows 2019 outlook in tough markets

    The results and revised outlook come after the German chemical industry association cut its 2019 sector forecast for the third time this year, citing flagging customer demand and continued trade conflicts. The sagging demand was particularly visible in the automotive industry, the association said. Covestro CFO Thomas Toepfer said he expected the challenging environment to continue in 2020.

  • What Can We Make Of Covestro AG’s (ETR:1COV) High Return On Capital?
    Simply Wall St.

    What Can We Make Of Covestro AG’s (ETR:1COV) High Return On Capital?

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  • Is Covestro AG's (ETR:1COV) 5.4% Dividend Worth Your Time?
    Simply Wall St.

    Is Covestro AG's (ETR:1COV) 5.4% Dividend Worth Your Time?

    Could Covestro AG (ETR:1COV) be an attractive dividend share to own for the long haul? Investors are often drawn to...

  • BASF, Siemens, Henkel, Roche target of cyber attacks
    Reuters

    BASF, Siemens, Henkel, Roche target of cyber attacks

    German blue-chip companies BASF, Siemens, Henkel <HNKG_p.DE> along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed Chinese group. Alongside the German firms named, companies including drug maker Roche, hotels group Marriott, airline Lion Air, conglomerate Sumitomo, and chemicals group Shin-Etsu were also targeted by the hackers, ARD reported. Industrial conglomerate Siemens, shampoo maker Henkel and Swiss pharma group Roche confirmed that they were affected by "Winnti", while BASF and Covestro also confirmed that they have been attacked.

  • Covestro confirms 2019 outlook despite cooling economy
    Reuters

    Covestro confirms 2019 outlook despite cooling economy

    Slowing sales in the global auto industry have pressured the sector this year. "So far, the automotive industry has developed much weaker than expected, but the construction, wood and furniture industries improved," Chief Financial Officer Thomas Toepfer said. For the third quarter, Covestro said it expected core profit of about 410 million euros.

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