Covestro AG (ETR: 1COV)

Germany flag Germany · Delayed Price · Currency is EUR
57.00
0.00 (0.00%)
Dec 20, 2024, 5:35 PM CET
6.07%
Market Cap 10.76B
Revenue (ttm) 14.15B
Net Income (ttm) -261.00M
Shares Out 188.74M
EPS (ttm) -1.38
PE Ratio n/a
Forward PE 49.19
Dividend n/a
Ex-Dividend Date n/a
Volume 449,836
Open 56.80
Previous Close 57.00
Day's Range 56.60 - 57.18
52-Week Range 44.57 - 58.50
Beta 1.17
Analysts n/a
Price Target n/a
Earnings Date Feb 26, 2025

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

UAE Oil Giant Sees Chemical Firm Covestro as Base for Growth

Abu Dhabi National Oil Co. plans to keep Covestro AG, the German chemical maker it’s taking over, as a standalone business.

2 days ago - BNN Bloomberg

XRG significantly exceeds shareholder acceptance threshold for Covestro AG offer

XRG will be the new majority shareholder of Covestro, subject to outstanding regulatory approvals

2 days ago - Zawya

Covestro shareholders accept ADNOC's XRG takeover offer

Shares tendered and bought by XRG are equivalent to 91.32% of Covestro's total outstanding shares, XRG said

3 days ago - Zawya

EQS-News: XRG Secures 91.3% of Covestro via Voluntary Takeover Offer

EQS-News: ADNOC International Germany Holding AG / Key word(s): Takeover XRG Secures 91.3% of Covestro via Voluntary Takeover Offer 19.12.2024 / 08:00 CET/CEST The issuer is solely responsible for the...

3 days ago - Wallstreet:Online

ADNOC says Covestro shareholders accept takeover offer

ADNOC said the additional acceptance period would start on Tuesday, allowing Covestro shareholders to accept the offer until Dec. 16

20 days ago - Zawya

Big Oil Still Betting On Plastics Despite Sector Going Bust

Back in September, we reported that Abu Dhabi National Oil Co (ADNOC) signaled a willingness to raise its informal offer to 60 euros per share for a valuation of $12.6 billion for German plastics and ...

26 days ago - OilPrice com

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...

7 weeks 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

2 months 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

2 months 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.

2 months 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...

2 months 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

2 months 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.

2 months 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...

2 months 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...

2 months 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

2 months 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...

2 months 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.

2 months 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.

2 months 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).

2 months 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).

2 months 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...

2 months 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-...

2 months ago - Wallstreet:Online