25 July 2017
DETAILS
Strong second-quarter 2017 earnings for Covestro
• Net income more than doubled to EUR 484 million
• EBITDA grew 56.5% to EUR 848 million
• Free operating cash flow (FOCF) up 34.6%
• Group sales up 17.0% to EUR 3.5 billion
• Core volumes down slightly by 1.6%
Patrick Thomas
CEO and interim CFO
“We want to keep growing in line with our customer industries,
which are expected to grow faster than
the global gross domestic product.
In the next five years, we anticipate generating
a cumulative total of EUR 5 billion in free operating cash flow,”
“This cash could be used for bolt-on acquisitions
in the specialties segment, if the opportunity arises.
Moreover we follow our intention to grow organically.”
VIEW COVESTRO FULL PRESENTATION
อ
Communications
51365 Leverkusen
Germany
Contact
Lars Boelke
Telephone +49 214 6009 4206
Email: Lars.Boelke@ covestro.com
Contact
Markus Kleine-Beck
Telephone +49 214 6009 6697
Email: Markus.Kleine-Beck @covestro.com
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