Covestro AG (ETR:1COV)

Germany flag Germany · Delayed Price · Currency is EUR
58.22
-0.28 (-0.48%)
Mar 28, 2025, 5:36 PM CET
15.88%
Market Cap 11.04B
Revenue (ttm) 14.18B
Net Income (ttm) -266.00M
Shares Out 188.74M
EPS (ttm) -1.41
PE Ratio n/a
Forward PE 82.92
Dividend n/a
Ex-Dividend Date n/a
Volume 78,463
Average Volume 113,236
Open 58.52
Previous Close 58.50
Day's Range 58.22 - 58.70
52-Week Range 46.08 - 59.22
Beta 1.14
RSI 48.85
Earnings Date May 6, 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 17,503
Stock Exchange Deutsche Börse Xetra
Ticker Symbol 1COV
Full Company Profile

Financial Performance

In 2024, Covestro AG's revenue was 14.18 billion, a decrease of -1.38% compared to the previous year's 14.38 billion. Losses were -266.00 million, 34.3% more than in 2023.

Financial Statements

News

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

EQS Voting Rights Announcement: Covestro AG Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 27.03...

1 day ago - Wallstreet:Online

Four Covestro U.S. Sites Now Running Entirely on Renewable Electricity

Result of virtual Power Purchase Agreement (vPPA) with Ørsted Provides 90 MW of renewable energy capacity Reduces approximately 90,000 tons of CO2 emissions annually PITTSBURGH , Feb. 19, 2025 /PRNews...

5 weeks ago - PRNewsWire

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.

3 months 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

3 months 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 months 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 months 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

4 months 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 ...

4 months 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...

5 months 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

5 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

5 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.

5 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...

5 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

6 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.

6 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...

6 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...

6 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

6 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...

6 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.

6 months ago - CNBC