Covestro creates the foundation for sustainable growth printweek.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from printweek.in Daily Mail and Mail on Sunday newspapers.
Dormagen: Covestro setzt ein Zeichen für Vielfalt rp-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rp-online.de Daily Mail and Mail on Sunday newspapers.
Covestro off to strong start in 2021
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LEVERKHAUSEN, Germany Covestro A.G. generated sales of $3.4 billion in the first quarter of 2021, up 19 percent on the same period last year.
EBITDA across the business rose 192.5 percent and reached $307 million in the first quarter of 2021. We started the new year with a strong first quarter, CFO Thomas Toepfer said. Demand for our products remains high, and we have benefited from very good margins.
Toepfer
The company s polyurethanes business saw sales rise 30.7 percent between the first quarter of 2020 and the first quarter of 2021. They reached $2.1 billion in the first quarter of 2021. This compares with $1.6 billion in the equivalent period in 2020.
Covestro Issues AGM Statement
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Covestro (CVVTF.PK) said it entered the fiscal year 2021 with good impetus. The company expects a significant increase over pre-pandemic results from 2019. The Board of Management and the Supervisory Board are proposing a dividend of 1.30 euros per share for the past fiscal year 2020.
CFO Thomas Toepfer said: Covestro is very solidly positioned and has a robust liquidity reserve. Demand for our products remains intact and we are benefiting from a very positive margin development.
The company said election of a new member of the Supervisory Board is also on the agenda of the 2021 Annual General Meeting. Lise Kingo has been nominated as the new member. She is an independent member of the Board of Directors at Sanofi SA and until June 2020 was CEO and Executive Director of the United Nations Global Compact. Lise Kingo would succeed Ferdinando Falco Beccalli.
ROUNDUP: Kunststoffkonzern Covestro wird optimistischer für 2021 boersennews.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boersennews.de Daily Mail and Mail on Sunday newspapers.