COVTY News and Press, Covestro AG ADR From 08/01/23

2023-08-01 15:32:07 ET Covestro AG (CVVTF) Q2 2023 Earnings Conference Call August 01, 2023, 09:00 AM ET Company Participants Ronald Koehler - Head of IR Markus Steilemann - CEO Thomas Toepfer - CFO Conference Call Participants Christian Faitz - Keple...

2023-06-27 02:24:07 ET Summary Covestro rejects ADNOC's proposed valuation of €50 per share, considering it too low. ADNOC aims to acquire Covestro to reduce long-term exposure to oil and gas and benefit from its sustainability initiatives. Negotiations remain open; how...

2023-06-21 06:07:57 ET Summary Covestro AG's stock price surged after reports of a takeover proposal from Abu Dhabi National Oil Company. The offer is believed to be around €55 per share, representing a 22% premium, but potential regulatory hurdles could hinder the deal. ...

2023-05-03 06:21:43 ET Summary The company starts to be on the road back to mid-cycle earnings estimate. €500 million buyback resumed with a third tranche of €75m starting in May. EBITDA was well above the guidance range of €100-150 million. ...

2023-04-28 16:04:10 ET The following slide deck was published by Covestro AG in conjunction with their 2023 Q1 earnings call. For further details see: Covestro AG 2023 Q1 - Results - Earnings Call Presentation

2023-04-28 16:02:09 ET Covestro AG (CVVTF) Q1 2023 Earnings Conference Call April 28, 2023, 10:00 AM ET Company Participants Ronald Koehler - Head, Investor Relations Markus Steilemann - Chief Executive Officer Thomas Toepfer - Chief Financial Officer Carsten...

2023-03-13 00:22:50 ET Summary Negative net profit due to impairments on assets and no dividend payment for the fiscal year 2022. Net debt increased and FCF generation reached a record low of €138 million. EBITDA will be significantly below 2022. Hold for now. ...

Covestro AG (CVVTF) Q4 2022 Results Conference Call March 02, 2023 10:30 AM ET Company Participants Ronald Koehler - Head, IR Markus Steilemann - CEO Thomas Toepfer - CFO Conference Call Participants Christian Faitz - Kepler Cheuvreux Charlie Webb - Mor...

Summary Using data from the January 24th publication of the STOXX 600 Earnings Scorecard, 22Q4 earnings are forecasted at €125.1 billion (+9.5% y/y, -7.6% q/q) while revenue is forecasted at €1,380.8 billion (+0.9% y/y, -11.5% q/q). Furthermore, analysts have aggressively ...

Summary Covestro has, as I predicted, finally started to climb and outperform the broader market. To my last article, the company has a non-trivial outperformance of over 36%. I show you why I'm still long Covestro and why I might be adding more in the near term going forward. Coves...