Covestro AG (ETR: 1COV)

Germany flag Germany · Delayed Price · Currency is EUR
57.04
-0.28 (-0.49%)
Nov 21, 2024, 5:39 PM CET
18.83%
Market Cap 10.82B
Revenue (ttm) 14.15B
Net Income (ttm) -261.00M
Shares Out 188.74M
EPS (ttm) -1.38
PE Ratio n/a
Forward PE 39.33
Dividend n/a
Ex-Dividend Date n/a
Volume 565,933
Open 57.40
Previous Close 57.32
Day's Range 57.04 - 57.48
52-Week Range 44.57 - 58.50
Beta 1.17
Analysts n/a
Price Target n/a
Earnings Date Oct 29, 2024

About Covestro AG

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof st... [Read more]

Sector Materials
Founded 1863
Employees 18,371
Stock Exchange Deutsche Börse Xetra
Ticker Symbol 1COV
Full Company Profile

Financial Performance

In 2023, Covestro AG's revenue was 14.38 billion, a decrease of -19.99% compared to the previous year's 17.97 billion. Losses were -198.00 million, -27.21% less than in 2022.

Financial Statements

News

Covestro AG (CVVTF) Q3 2024 Earnings Call Transcript

Covestro AG (OTCPK:CVVTF) Q3 2024 Results Conference Call October 29, 2024 9:00 AM ET Company Participants Ronald Koehler - Head of Investor Relations Christian Baier - CFO & Member of Management Boar...

22 days ago - Seeking Alpha

UAEs ADNOC begins takeover of Covestro AG

Covestro shareholders can accept the takeover offer by tendering their shares at an offer price of 62 euros

27 days ago - Zawya

ADNOC starts acceptance period for Covestro takeover offer

The company said the offer price was $67.06 per share in cash, representing a premium of about 54% to the unaffected share price of Covestro

27 days ago - Zawya

ADNOC starts acceptance period for Covestro takeover offer

Abu Dhabi's ADNOC said on Friday that the acceptance period for its voluntary public takeover offer for German chemicals maker Covestro has started, with an end date of Nov. 27.

27 days ago - Reuters

EQS-News: ADNOC International Announces Start of the Acceptance Period for its Voluntary Public Takeover Offer for Covestro

EQS-News: ADNOC International Germany Holding AG / Key word(s): Tender Offer ADNOC International Announces Start of the Acceptance Period for its Voluntary Public Takeover Offer for Covestro 25.10.202...

27 days ago - Wallstreet:Online

ADNOC Buys Covestro for $12.3 Billion in a Strategic Move

ADNOC Buys Covestro for $12.3 Billion in a Strategic Move

7 weeks ago - GuruFocus

ADNOC and Covestro deal is 'unprecedented,' says Covestro CEO

Markus Steilemann, CEO of Covestro, discusses the "unprecedented deal" between ADNOC and Covestro, and what this could mean for the future of the German chemicals industry.

7 weeks ago - CNBC International TV

Why Adnoc Agreed to Buy Covestro for €12 Billion

Khaled Salmeen, head of Abu Dhabi National Oil Co.'s downstream division, discusses Adnoc's agreement to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what's set to be th...

7 weeks ago - Bloomberg Markets and Finance

ADNOC to acquire Covestro for $16.4 billion, expanding global chemical footprint

Abu Dhabi's state-owned oil firm, ADNOC, has agreed to acquire German chemical giant Covestro for €14.7 billion ($16.4 billion), marking a significant move in ADNOC's international growth strategy. Th...

7 weeks ago - Invezz

Abu Dhabi’s ADNOC targets giant $16bn takeover of Germany’s Covestro

ADNOC has launched a takeover bid for German industrial giant Covestro

7 weeks ago - Arabian Business

UAEs Oil Giant ADNOC to Buy Chemicals Firm Covestro in $16-Billion Deal

Following a year of negotiations, Abu Dhabis oil company ADNOC has agreed to buy Germanys chemicals giant Covestro in a deal worth $16.3 billion (14.7 billion euros) including debt, the German group s...

7 weeks ago - OilPrice com

ADNOC and Covestro deal is 'unprecedented,' says Covestro CEO

Markus Steilemann, CEO of Covestro, discusses the "unprecedented deal" between ADNOC and Covestro, and what this could mean for the future of the German chemicals industry.

7 weeks ago - CNBC

UAE oil giant ADNOC to buy German chemicals firm Covestro for $16.4bln

Covestro is one of the worlds leading manufacturers of high-quality polymer materials and their components.

7 weeks ago - Zawya

Abu Dhabi's ADNOC to acquire German chemicals firm Covestro for $16.4 billion

Abu Dhabi's state oil firm ADNOC announced it will buy German firm Covestro in a 14.7 billion-euro deal ($16.4 billion).

7 weeks ago - CNBC

Abu Dhabi's ADNOC to buy German chemicals company Covestro for $16.4 bln

Abu Dhabi state oil giant ADNOC said on Tuesday that it has agreed to buy German chemicals producer Covestro for 14.7 billion euros ($16.4 billion).

7 weeks ago - Reuters

EQS-News: ADNOC International Enters into Investment Agreement with Covestro and Announces Voluntary Public Takeover Offer

EQS-News: ADNOC International Germany Holding AG / Key word(s): Tender Offer ADNOC International Enters into Investment Agreement with Covestro and Announces Voluntary Public Takeover Offer 01.10.2024...

7 weeks ago - Wallstreet:Online

EQS-Adhoc: Covestro AG: Covestro signs an Investment Agreement with ADNOC and supports the public takeover offer to all Covestro shareholders

EQS-Ad-hoc: Covestro AG / Key word(s): Mergers & Acquisitions Covestro AG: Covestro signs an Investment Agreement with ADNOC and supports the public takeover offer to all Covestro shareholders 01-Oct-...

7 weeks ago - Wallstreet:Online

EQS-WpÜG: Takeover Offer / Target company: Covestro AG; Bidder: ADNOC International Germany Holding AG

EQS-WpÜG: ADNOC International Germany Holding AG / Takeover Offer Takeover Offer / Target company: Covestro AG; Bidder: ADNOC International Germany Holding AG 01.10.2024 / 08:40 CET/CEST Dissemination...

7 weeks ago - Wallstreet:Online

Adnoc Said to Seal €12 Billion Deal for Chemical Firm Covestro

Abu Dhabi National Oil Co. has reached a deal to buy chemical producer Covestro AG for about €11.7 billion ($13 billion), in what’s set to be the biggest Middle Eastern acquisition of a European firm,...

7 weeks ago - BNN Bloomberg

UAE's Adnoc nears $13 billion deal to buy Germany's Covestro, WSJ reports

United Arab Emirates's Abu Dhabi National Oil Co is likely to announce a $13 billion-plus deal for Germany's Covestro as soon as this week unless an unexpected snag emerges, the Wall Street Journal re...

7 weeks ago - Reuters

UAE's Adnoc Nears $13 Billion Deal to Buy Germany's Covestro

The tie-up dovetails with the Middle Eastern energy company’s push into chemical production

7 weeks ago - The Wall Street Journal

UAE's Adnoc Nears $13 Billion Deal to Buy Germany's Covestro

The tie-up dovetails with the Middle Eastern energy company's push into chemical production

7 weeks ago - WSJ

Abu Dhabi bids for Germany’s industrial jewel

State oil company Adnoc is expected to offer €14.4bn for Covestro, in the biggest European deal this year

2 months ago - Financial Times