26 July 2016
DETAILS
Volumes and profitability further increased
Strong second quarter for Covestro
• Core volumes increased by 7.7% year-on-year
• Adjusted EBITDA rose by 8.8% to EUR 542 million
• Net income up 51.3% year-on-year
to EUR. 230 million
• Bayer loans repaid in full
• Outlook raised for full year 2016
In the period from April to June 2016,
Covestro continued its successful development
from the first quarter of the year.
Adjusted EBITDA increased by 8.8%
to EUR 542 million year-on-year, mainly driven by
higher core volumes in the Polyurethanes
and Polycarbonates segments.
On the Group level, core volumes (in kilotons)
in the second quarter of 2016 increased
substantially by 7.7% year-on-year.
Parick Thomas
Covestro's CEO
“We have recorded strong results in the second quarter
and continued the satisfying development
of the first quarter.
Our plant utilization rates are improving, allowing us
to realize higher core volumes and increase profitability,”
“On the back of a positive development
in the first half of 2016,
we are raising our outlook for the full year.
Contact
Matthias Poth
Telephone +49 214 6009 5486
Email matthias.poth @covestro.com
Contact
Markus Kleine-Beck
Telephone +49 214 6009 6697
Email markus.kleine-beck @covestro.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
