COVESTRO AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 47.46 EUR | -0.44% |
|
-0.54% | -9.84% |
| 05-22 | German Shares Close Lower on UK Inflation Data Miss | MT |
| 05-15 | Chemical industry sees first rays of hope and becomes more confident for 2024 | DP |
Business Summary
- specialty products (50.5%): raw materials for coatings, adhesives and films;
- performance materials (47.8%): polyurethanes (flexible polyurethane foam mainly used in furniture, mattress and car seat upholstery, and rigid polyurethane foam used in the composition of building and refrigeration equipment insulation) and polycarbonates (high-performance polycarbonates used in automotive components, roof structures and medical devices);
- other (16.3%).
At the end of 2023, the group operated 48 production sites around the world.
Net sales are distributed geographically as follows: Germany (12.1%), the United States (21.8%), China (21.4%) and other (44.7%).
Number of employees: 17,543
Sales per Business
| EUR in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Solutions & Specialties
50.5
%
| 8,558 | 47.6 % | 7,267 | 50.5 % | -15.09% |
Performance Materials
47.8
%
| 9,095 | 50.6 % | 6,876 | 47.8 % | -24.40% |
All Other
1.6
%
| 315 | 1.8 % | 234 | 1.6 % | -25.71% |
Sales per region
| EUR in Million | 2022 | Weight | 2023 | Weight | Delta |
|---|---|---|---|---|---|
Europe, Middle East, Africa and Latin America except Mexico
40.8
%
| 7,603 | 42.3 % | 5,869 | 40.8 % | -22.81% |
Asia Pacific
32.6
%
| 5,669 | 31.6 % | 4,693 | 32.6 % | -17.22% |
North America
26.5
%
| 4,696 | 26.1 % | 3,815 | 26.5 % | -18.76% |
Managers
| Managers | Title | Age | Since |
|---|---|---|---|
| Chief Executive Officer | 54 | 15-07-31 | |
Christian Baier
DFI | Director of Finance/CFO | 47 | 23-09-30 |
Thorsten Dreier
CTO | Chief Tech/Sci/R&D Officer | - | 23-06-30 |
Michelle Jou
PRN | Corporate Officer/Principal | 55 | - |
Thomas Elsner
PRN | Corporate Officer/Principal | 66 | 99-12-31 |
Sucheta Govil
PRN | Corporate Officer/Principal | 61 | 19-07-31 |
Members of the board
| Members of the board | Title | Age | Since |
|---|---|---|---|
Lise Kingo
BRD | Director/Board Member | 62 | 21-03-31 |
Patrick Thomas
CEO | Chief Executive Officer | 67 | 15-08-19 |
Richard Pott
CHM | Chairman | 71 | 15-08-19 |
Petra Kronen
BRD | Director/Board Member | 59 | 15-09-30 |
| Director/Board Member | 57 | 15-09-30 | |
Sven Schneider
BRD | Director/Board Member | 58 | 22-03-31 |
Frank Löllgen
BRD | Director/Board Member | 62 | 22-03-31 |
Irena Küstner
BRD | Director/Board Member | 58 | - |
Marc Stothfang
BRD | Director/Board Member | 58 | - |
| Director/Board Member | 57 | 22-03-31 |
Share class
| Vote | Quantity | Free-Float | Company-owned shares | Total Float | |
|---|---|---|---|---|---|
| Stock A | 1 | 189,000,000 | 184,386,421 ( 97.56 %) | 259,670 ( 0.1374 %) | 97.56 % |
Company contact information
Group companies
| Name | Category and Sector |
|---|---|
DSM Resins (Far East) Ltd.
| |
Covestro (Taiwan) Ltd.
 Covestro (Taiwan) Ltd. Chemicals: SpecialtyProcess Industries Part of Covestro AG, Covestro (Taiwan) Ltd. is a Taiwanese company that manufactures and supplies plastic polymers. The company is located in Taiwan. |
Chemicals: Specialty
|
Covestro Deutschland AG
 Covestro Deutschland AG Chemicals: SpecialtyProcess Industries Covestro Deutschland AG engages in the production and distribution of polymers. It also sells paints and adhesive raw materials. The company was founded on April 8, 2002 and is headquartered in Leverkusen, Germany. |
Chemicals: Specialty
|
Covestro International SA
 Covestro International SA Wholesale DistributorsDistribution Services Part of Covestro AG, Covestro International SA is a Swiss company that wholesales chemical products. The company is based in Fribourg, Switzerland. |
Wholesale Distributors
|
Solar Coating Solutions BV
| |
Covestro SA de CV
 Covestro SA de CV Chemicals: SpecialtyProcess Industries Part of Covestro AG, Covestro SA de CV is a Mexican company that manufactures polymer materials. The company is based in Mexico City, Mexico. |
Chemicals: Specialty
|
Covestro (Thailand) Co., Ltd.
 Covestro (Thailand) Co., Ltd. Chemicals: SpecialtyProcess Industries Part of Covestro AG, Covestro (Thailand) Co., Ltd. is a leading manufacturer of advanced polymers and high-performance plastics. The company is based in Bangkok, Thailand. Covestro's business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction as well as Sports and Leisure industries. |
Chemicals: Specialty
|
Covestro Polymers (China) Co., Ltd.
| |
Covestro Elastomers SAS
 Covestro Elastomers SAS Miscellaneous ManufacturingProducer Manufacturing Part of Covestro AG, Covestro Elastomers SAS is a leading manufacturer of advanced polymers and high-performance plastics for various industries such as automotive, electrical and electronics, construction, and sports and leisure. The company is based in Romans-sur-Isère, France. Covestro's focus is on developing innovative solutions for products used in daily life, with a commitment to sustainability and continuous improvement of their products, processes, and facilities. In August 2022, Covestro established an euro commercial paper program (ecpp) to allow short-term issuances of notes in different currencies and tenors of up to one year. |
Miscellaneous Manufacturing
|
Sales per Business
Sales per region
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.32% | 40.62B | |
| -21.04% | 21.83B | |
| -16.29% | 13.09B | |
| -13.00% | 9.84B | |
| +20.46% | 8.37B | |
| +7.95% | 6.73B | |
| -30.48% | 5.28B | |
| -24.80% | 3.59B | |
| -21.48% | 3.43B |
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