CVVTF - Covestro's Portfolio Delivers From Chinese And Home Exposures

• According to our Keynesian thesis, many of Covestro's construction exposures in basic polyurethanes and specialty polycarbonates delivered well.
• Moreover, polyurethanes and electronics are supported by a strong Chinese rebound, with expenditure directed at local ways to spend money including home improvement.
• Moreover, continued high standard of management allows for reliable EBITDA gains, thanks substantially to cost saving initiatives.
• Overall, the quarter looks quite good with a positive, with the only drag coming from automotive, meaning upside when we emerge from COVID-19.

For further details see: