Company Covestro AG

1COV

DE0006062144

Commodity Chemicals

Market Closed - Xetra Other stock markets 11:35:21 2024-09-13 EDT			5-day change	1st Jan Change
56.36 ^EUR	+0.71%		+1.95%	+6.99%

09-13	Berenberg rates Covestro at 'Hold' - Target 58 euros	DP
09-13	COVESTRO : Berenberg gives a Neutral rating	ZD

Business description: Covestro AG

Covestro AG is one of the world's leading manufacturers of polymer materials. Its products are primarily used in the automotive, construction, electronics, furniture and textile industries. Net sales break down by family of products as follows:

- 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: 17,509

Sales by Activity: Covestro AG

Fiscal Period: December	2019	2020	2021	2022	2023
Performance Materials	-	-	10.34B	12.06B	9.07B
Solutions & Specialties	-	-	7.58B	8.59B	7.29B
Polycarbonates	3.47B	2.98B	-	-	-
Polyurethanes	5.78B	5.02B	-	-	-
All Other Segment	-	-	-	-	234M
Reconciliation	-	-	-	-	-2.22B
Others /Reconciliation	791M	661M	-2.02B	-2.69B	-
Coatings, Adhesives, Specialties	2.37B	2.04B	-	-	-

See all business segments

Geographical breakdown of sales: Covestro AG

Fiscal Period: December	2019	2020	2021	2022	2023
Other	5.8B	4.99B	7.48B	8.24B	6.43B
United States	2.6B	2.13B	2.96B	3.87B	3.13B
China	2.46B	2.25B	3.54B	3.64B	3.08B
Germany	1.56B	1.34B	1.92B	2.22B	1.74B

See all geographic segments

Managers: Covestro AG

Director	Title	Age	Since
Markus Steilemann CEO	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	52	23-06-30
Sucheta Govil PRN	Corporate Officer/Principal	61	19-07-31
Thomas Elsner PRN	Corporate Officer/Principal	66	99-12-31

See COVESTRO AG governance

Members of the board: Covestro AG

Manager	Title	Age	Since
Petra Kronen BRD	Director/Board Member	60	15-09-30
Richard Pott CHM	Chairman	71	15-08-19
Patrick Thomas BRD	Director/Board Member	67	15-08-19
Christine Maria Bortenlänger BRD	Director/Board Member	57	15-09-30
Irena Küstner BRD	Director/Board Member	58	-
Regine Stachelhaus BRD	Director/Board Member	69	15-09-30
Marc Stothfang BRD	Director/Board Member	58	-
Lise Kingo BRD	Director/Board Member	63	21-03-31
Christoph Gürtler BRD	Director/Board Member	57	22-03-31
Frank Löllgen BRD	Director/Board Member	63	22-03-31

Composition of the Board of Directors

Shareholders: Covestro AG

Name	Equities	%	Valuation
DWS Investment GmbH 3.147 %	5,948,373	3.147 %	365 M €
Franklin Mutual Advisers LLC 3.056 %	5,775,272	3.056 %	354 M €
Silchester International Investors LLP 2.998 %	5,666,889	2.998 %	348 M €
Norges Bank Investment Management 2.936 %	5,549,639	2.936 %	340 M €
Amundi Asset Management SA (Investment Management) 2.514 %	4,750,582	2.514 %	291 M €

Name	Equities	%	Valuation
RhumbLine Advisers LP 0.002048 %	7,741	0.002048 %	237 347 €
Paradigm Asset Management Co. LLC 0.000767 %	2,900	0.000767 %	88 917 €
GAMMA Investing LLC 0.000643 %	2,431	0.000643 %	74 537 €

List of COVESTRO AG shareholders

Company details: Covestro AG

Covestro AG

Kaiser-Wilhelm-Allee 60

51373, Leverkusen

+49 214 6009 2000

http://www.covestro.com

Group companies: Covestro AG

Name	Category and Sector
Covestro Indústria e Comércio de Polimeros Ltda. Covestro Indústria e Comércio de Polimeros Ltda. Chemicals: Major DiversifiedProcess Industries Part of Covestro AG, Covestro Indústria e Comércio de Polimeros Ltda. is a chemical manufacturing company based in Socorro, Brazil. The Brazilian company specializes in the production of various chemical products.	Chemicals: Major Diversified
Sumika Covestro Urethane Co., Ltd. Sumika Covestro Urethane Co., Ltd. Industrial SpecialtiesProcess Industries Part of Covestro AG, Sumika Covestro Urethane Co., Ltd. is a leading supplier of premium polymers. The company is located in Japan. The Japanese company's materials and application solutions are used in almost every aspect of modern life. Innovation and sustainability are the driving forces behind the continuous development of their products, processes, and facilities.	Industrial Specialties
Covestro Procurement Services GmbH & Co. KG
Covestro UK Ltd. Covestro UK Ltd. Industrial SpecialtiesProcess Industries Part of Covestro AG, Covestro UK Ltd. is a company that designs and manufactures polyurethane systems. The company is based in Cheadle Hulme, UK and was founded in 1999.	Industrial Specialties
Covestro LLC (United States) Covestro LLC (United States) Chemicals: SpecialtyProcess Industries Covestro LLC develops, produces and distributes polymers. The company is headquartered in Pittsburgh, PA.	Chemicals: Specialty

See all subsidiaries

Plastics

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5d. change	1-year change	3-years change	Capi. ($)
COVESTRO AG	+0.71%	+1.95%	+6.66%	-4.67%	11.79B
DOW INC.	-0.22%	-1.05%	-5.05%	-17.41%	35.15B
LG CHEM, LTD.	+0.31%	+3.21%	-40.46%	-56.96%	18.32B
FORMOSA PLASTICS CORPORATION	+4.33%	+1.51%	-43.09%	-53.28%	9.35B
THE SUPREME INDUSTRIES LIMITED	-1.23%	-0.88%	+19.34%	+146.18%	7.98B
FORMOSA CHEMICALS & FIBRE CORPORATION	+3.96%	+1.42%	-39.48%	-52.42%	7.21B
HANGZHOU FIRST APPLIED MATERIAL CO., LTD.	-2.56%	-1.68%	-31.94%	-71.94%	5.16B
YUNNAN ENERGY NEW MATERIAL CO., LTD.	-4.32%	-6.19%	-59.74%	-91.38%	3.42B
KINGFA SCI. & TECH. CO., LTD.	+0.42%	-0.96%	-11.21%	-56.33%	2.68B
LOTTE CHEMICAL CORPORATION	-0.12%	+2.03%	-42.55%	-68.76%	2.56B
Average	+0.13%	+0.88%	-24.75%	-32.70%	10.36B
Weighted average by Cap.	+0.37%	+1.07%	-18.16%	-23.46%