Covestro AG (ETR: 1COV)
Germany
· Delayed Price · Currency is EUR | Market Cap | 10.18B |
| Revenue (ttm) | 14.11B |
| Net Income (ttm) | -325.00M |
| Shares Out | 188.74M |
| EPS (ttm) | -1.72 |
| PE Ratio | n/a |
| Forward PE | 49.58 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,059,983 |
| Open | 54.36 |
| Previous Close | 54.28 |
| Day's Range | 53.30 - 54.36 |
| 52-Week Range | 44.57 - 56.90 |
| 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]
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 StatementsNews
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
Abu Dhabi plans $15.9 billion offer for German chemicals giant Covestro: report
Abu Dhabi National Oil Company is expected to make an offer to buy the Bayer spinoff in what would mark the largest cash transaction in the history of the chemicals industry
ADNOC to acquire Covestro for about $15.9 bln, FT reports
Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about 14.4 billion euros ($15.90 billion) including debt, the Financial Times reported on Wednesday.
ADNOC finalising due diligence on Covestro, sources say
Abu Dhabi National Oil Company (ADNOC) is finalising due diligence for a takeover of Covestro in a deal that could reach 11.7 billion euros ($13 billion), two sources familiar with the matter told Reu...
ADNOC finalises due diligence on Covestro, sources say
"The big questions have been clarified," one of the sources said, as the deal enters its final phase
Adnoc finishes due diligence on €11.7B Covestro deal - Bloomberg
Adnoc finishes due diligence on €11.7B Covestro deal - Bloomberg
Adnoc Finishes Due Diligence on €12 Billion Covestro Deal
Abu Dhabi National Oil Co. has largely completed due diligence on its planned bid for German chemical company Covestro AG, paving the way for the state-owned energy firm’s biggest-ever deal, people fa...
Polycarbonate Resin Market worth $20.1 Billion by 2029 Globally, at a CAGR of 5.5% Says MarketsandMarkets™
Chicago, Aug. 26, 2024 (GLOBE NEWSWIRE) -- The Polycarbonate Resin Market is valued at USD 15.3 billion in 2024 and is projected to reach USD 20.1 billion by 2029, growing at 5.5% CAGR in terms of val...
Covestro, Carlisle Tie Up for Sustainable Construction
Covestro AG (OTC: COVTY) and Carlisle Construction Materials (NYSE: CSL) are collaborating to bring bio-circular products into the construction industry. Covestro will provide Carlisle with methylen...
Covestro: Only One Reason To Buy
Covestro: Only One Reason To Buy
Covestro: Possible Value On The Table For ADNOC
ADNOC's going through due diligence process could result in it committing to buying Covestro (CVVTF). There is a deal spread that speculators could make. Read more here.
Covestro: Possible Value On The Table For ADNOC
ADNOC's going through due diligence process could result in it committing to buying Covestro (CVVTF). There is a deal spread that speculators could make. Read more here.
Covestro CEO: Doesn't expect a rebound in the economy for the remainder of the year
Markus Steilemann, CEO of Covestro, says the company is "well prepared" despite expecting economic conditions to remain challenging for the remainder of the year.
Covestro AG (CVVTF) Q2 2024 Earnings Call Transcript
Covestro AG (OTCPK:CVVTF) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Ronald Koehler - Head, Investor Relations Markus Steilemann - Chief Executive Officer Christia...
Covestro Enters Formal Talks With Adnoc
Covestro AG said it's entering concrete negotiations with suitor Abu Dhabi National Oil Co. on a potential takeover that could value the German chemical company at about €11.7 billion ($12.5 billion)....
Covestro to negotiate with ADNOC based on 62 eur/shr takeover offer
Covestro said on Monday that it had agreed to negotiate with suitor Abu Dhabi National Oil Co (ADNOC) based on a takeover offer of 62 euros ($66.5) per share, after months of courtship by the Emirates...
Covestro AG (CVVTF) Q1 2024 Earnings Call Transcript
Covestro AG (OTCPK:CVVTF) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Ronald Koehler - Head-Investor Relations Markus Steilemann - Chief Executive Officer Christia...
'Too early to say we are through the worst times,' says Covestro CEO
Markus Steilemann, CEO of Covestro, discusses the company's earnings.
Covestro: Barely A 'Buy' After The 2023 Performance
Covestro has outperformed the S&P 500 by almost 5% since the beginning of 2023 but has lagged behind since early 2024. The company's financial highlights for 2023 were solid, but weak global demand an...
Covestro: no deadline to conclude ADNOC talks, will take the necessary time
Covestro said on Wednesday that it is under no legal deadlines to come to a decision in talks with suitor Abu Dhabi National Oil Company (ADNOC) and that it would take the time it needs to consider a ...
Covestro AG (CVVTF) Q4 2023 Earnings Call Transcript
Covestro AG (CVVTF) Q4 2023 Earnings Call Transcript
Covestro in 'open-ended' talks with ADNOC over higher bid
FRANKFURT/DUBAI, Dec 21 (Reuters) - Covestro is in open-ended talks with Abu Dhabi National Oil Co (ADNOC), a spokesperson for the German plastics and chemicals maker said on Thursday, following a rep...
Covestro top shareholder urges chemicals firm to grant ADNOC due diligence
FRANKFURT, Dec 19 (Reuters) - Covestro's (1COV.DE) management should allow Abu Dhabi National Oil Co (ADNOC) access to conduct due diligence in its ongoing pursuit of the German chemicals firm, top 15...