* Der Return on Capital Employed misst die Verzinsung des eingesetzten Kapitals. 6 0 obj Covestro has been actively executing its crisis management plans in response to the global spread of the coronavirus pandemic and adjusting business operations according to local developments. Contact. �s"�H��Z ��u�YuȡOP�)F� �3X���"�rHT�:jn�CZ�T���3����`?�W� �|Gձo,P�V�l��t�bLfntTx�k(�^*Z[���?�;Ӑ.�ͣm ��ŇV�j�x�����l��hЕr̍�>�e�+v�K����m�V�\�ѭ)wLj��F�U�1#c;^;P�bL�Џ,EP:�:T֮��a�V r�{��HjT�#�!3�O�W�{v�,Rϻ�EY)tV؏~�TiĊ�>%�&+��6ԃ���&�B۫�r#�Ȯ��[��� ��0Lޔ�%g�߸��{����n�����[c�'��lCNpV�>.���W���B�7���]�`�Z==z>D)�FB��f{�0��hy}:�����t'��������rqas�˅ �w�:l�'��h�O���!�4e�ie�pm���X>#Xo��{ǣ?�� x}��KGϯ:-���;�̓���T6����d��i����ӴNf*>?#@��۔ǧ�χ�?�5D�ӟ�%�ʮT��#A�o�d߳(�B��>��/d����Ns�!�aM���|f"m>�y���$���f9��l�C�m~�+G���@�͓��K�5u�r�����{���?ǧ�oq�X"��yrqN�����r���(0�ǩ�:���c�;tI����>}"�;u�Mx/������ � Business activities are focused on the manufacture of hightech polymer materials and the development of innovative solutions for products used in many areas of daily life.

The Board of Management therefore provides the following adjustments to the Group financial guidance for 2020: This update takes into account the negative impact of the coronavirus pandemic as it is foreseeable on April 15, 2020 and assumes a recovery of the current situation starting in Q3 2020. The better performance in medical technology managed to offset weak demand in China despite coronavirus-driven production disruptions and strong competition, which pushed Covestro to release a profit warning on April 15. endobj

Covestro has met its EBITDA guidance for the first quarter of 2020 in a business environment strongly impacted by the coronavirus. Prior to the outbreak, analysts had warned against lower pricing of Covestro’s main products such as polycarbonates and polyurethanes in China, where it generates over 20% of group revenue and holds more than 30% of its assets. Cesare Andrenacci, Ferretti, Lucintel Composites Market Insights, April 20, 2020, Covestro Adjusts FY 2020 Financial Guidance as a Result of the Coronavirus Pandemic after Reaching its EBITDA Target in Q1 2020. We expect the coronavirus pandemic to also have a significant adverse impact on the performance of our main customer industries. This preliminary result is within the published range of EUR 200 to 280 million. 3 0 obj stream The full Q1 2020 Interim Statement is scheduled to be published on April 29, 2020. The full Q1 2020 Interim Statement is scheduled to be published on April 29, 2020.• The Board of Management increases the target for short-term cost savings to more than EUR 300 million in FY 2020 (previously: EUR 200 million) in addition to the ongoing ‘Perspective’ restructuring program that is expected to contribute savings of EUR 100 million in FY 2020.• Capital expenditures (CAPEX) are reduced by around EUR 200 million and are now expected to amount to around EUR 700 million in FY 2020 (previously: EUR 900 million).• Covestro continues to maintain a strong balance sheet and has significant sources of liquidity. März 2020. endobj Web Design by Media Proper.

Covestro adjusts FY 2020 financial guidance due to effects of the Coronavirus pandemic after reaching its EBITDA target in Q1 2020. We would like to use cookies to detect our users’ preferences and design the website optimally. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. 2020 05 06 Borealis Q1 2020 Earnings Release EN English, Dutch, ... Media Release – 20/10/2020. endobj The grave consequences of the spread of the coronavirus pandemic will have a substantial negative impact on the global economy. 2020; Covestro adjusts FY 2020 financial guidance due to effects of the Coronavirus pandemic after reaching its EBITDA target in Q1 2020; Covestro adjusts FY 2020 financial guidance due to effects of the Coronavirus pandemic after reaching its EBITDA target in Q1 2020. communications@covestro.com, Growth forecast 2020 (Annual Report 2019), Real growth of gross domestic product; source: IHS (Global Insight), Growth 2019 and Growth forecast 2020 as of April 15, 2020, North America (not including Central America): Canada, Mexico, United States. Thomas Toepfer - CFO Oxford Advanced Surfaces’ New Chinese Representative-- Suzhou Composites Co. Ltd. Polytek Development Corp. Acquires Incredible Solutions, Huntsman Starts New TEROL Polyols Plant in Taiwan. Covestro Adjusts FY 2020 Financial Guidance as a Result of the Coronavirus Pandemic after Reaching its EBITDA Target in Q1 2020 April 20 2020. 8 0 obj 2020 Investor Call on RFM Acquisition September 2020 IR Presentation PDF Investor Call 8:30 a.m. On-demand version Transcript Investor Call 3:00 p.m. On-demand version Transcript Innovation and Technology May 2020 PDF Corporate Media Relations Data Privacy Declaration. In the electrical, electronics and household appliances sector as well as the construction industry, we project a negative growth rate in the mid-single-digit range, down from our forecast in the 2019 Annual Report. The economies in Europe, North America, and Latin America are forecast to perform much less robustly and report negative growth rates. As the pandemic is still evolving, further updates to the financial expectations may be necessary. Thursday, March 26, 2020 Covestro postpones Annual General Meeting. Market Entry, M & A, Opportunity Screening,... Buy Side Services (target screening, due diligence, ..). Rose Tree Corporate Center 1 0 obj Covestro has 30 production sites worldwide and employs approximately 17,200 people (calculated as full-time equivalents) at the end of 2019. his news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. It saved months of leg-work." <>>> Free operating cash flow (FOCF) is expected to be in the range between minus €200 million and plus €300 million this year (forecast in the 2019 Annual Report: between €0 million and €400 million). <> The Board of Management has taken early and decisive actions to adapt the company to the current conditions, to protect the health of all Covestro employees, to ensure the ability to deliver to customers and to secure its strong liquidity position.As a consequence of the coronavirus pandemic and the increasingly adverse business environment, the provided outlook cannot be upheld. “The coronavirus pandemic is an exceptional situation and has further exacerbated the existing global uncertainties,” Chief Executive Markus Steilemann said in a statement. x��X���gwYX�T��H�.HG@P@TDD��(���h,�w� ������k41FcL�I�1Qc��hl��̽3��wf���}���$�3w����{ν3�P�A�J.�1�L�tʷ����3��.

Business Development of the Covestro Group, Covestro Group Consolidated Statement of Comprehensive Income, Covestro Group Consolidated Statement of Financial Position, Covestro Group Consolidated Statement of Cash Flows, nexxar - digital reporting evolved - Online Report. Unlike our forecast in the 2019 Annual Report, we now believe the automotive industry will see a steep downturn amounting to a double-digit percentage. As a consequence of the coronavirus pandemic and the increasingly adverse business environment, the provided outlook cannot be upheld. endstream Covestro Quarterly Statement as of March 31, 2020. Covestro shares were up 2.6% at 0730 GMT, outperforming Germany’s blue-chip DAX index which was up 0.5%. This adjustment is primarily due to declining core volumes. ���=hZ����� Core volume growth is expected to be negative for 2020 compared to 2019 (previously: positive low-single-digit-percentage range). This adjustment is primarily due to declining core volumes.• Free operating cash flow (FOCF) is expected to be in the range between EUR -200 million and EUR 300 million in 2020 (previously between EUR 0 million and EUR 400 million).• In 2020, the return on capital employed (ROCE) is projected between -1% and 4% (previously: between 2% and 7%).• The company publishes a Group EBITDA of EUR 254 million as a preliminary number of the Q1 2020 Interim Statement. <> However, according to analysts at Baader Helvea, the volume recovery in China in April gives hope for a 2020 result above the middle of Covestro’s new guidance range. In 2020, the return on capital employed (ROCE) is projected between -1% and 4% (previously: between 2% and 7%). %���� communications@covestro.com. The recent oil price decline may also boost the company’s gross margins, giving potential for positive surprises when it reports its second-quarter results, Baader Helvea adds. Preliminary core volume growth in Q1 2020 was -4.1%.• EBITDA is expected to be in the range between EUR 700 million and EUR 1,200 million in 2020 (previously: between EUR 1,000 million and EUR 1,500 million). With 2019 sales of EUR 12.4 billion, Covestro is among the world's largest polymer companies. Covestro Group Key Data; … Einsatz von Cookies. 4 0 obj <> come across such an extensive market analysis for our industry." For fiscal 2020, we now expect our key performance indicators to develop as follows. 5 0 obj Distributed by Public, unedited and unaltered, on 15 April 2020 13:20:07 UTC, Covestro reports third-quarter profit beat on strong Asia, furniture units. {g��nq߻�c�ϼ�_x�[��#��{ny���^rnq�!��]��6i*%�2�� The company publishes a Group EBITDA of EUR 254 million as a preliminary number of the Q1 2020 Interim Statement. According to current estimates, we expect only China to post positive, albeit weaker, growth.



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