Covestro AG (OTCPK:COVTY)

$ 26.5055 0.8355 (3.25%) Market Cap: 10.01 Bil Enterprise Value: 13.03 Bil PE Ratio: 0 PB Ratio: 1.40 GF Score: 75/100

Q1 2024 Covestro AG Earnings Call Transcript
Apr 30, 2024

$25.1 (-1.46%)

Earnings
Q4 2023 Covestro AG Earnings Call Transcript
Feb 29, 2024

$27.25 (+1.53%)

Earnings
Q3 2023 Covestro AG Earnings Call Transcript
Oct 27, 2023

$24.69 (-3.46%)

Earnings
Q2 2023 Covestro AG Earnings Call Transcript
Aug 01, 2023

$26.57 (-0.91%)

Earnings
Q1 2023 Covestro AG Earnings Call Transcript
Apr 28, 2023

$21.93 (+7.27%)

Earnings
Covestro AG Annual Shareholders Meeting Transcript
Apr 19, 2023
Q4 2022 Covestro AG Earnings Call Transcript
Mar 02, 2023

$20.7 (-5.69%)

Earnings
Q3 2022 Covestro AG Earnings Call Transcript
Oct 25, 2022

$17.2 (-3.04%)

Earnings
Q2 2022 Covestro AG Earnings Call Transcript
Aug 02, 2022

$17.08 (+0.65%)

Earnings
Q1 2022 Covestro AG Earnings Call Transcript
May 03, 2022

$20.62 (+0.27%)

Earnings
Covestro AG Annual Shareholders Meeting Transcript
Apr 21, 2022
Q4 2021 Covestro AG Earnings Call Transcript
Mar 01, 2022

$25.55 (-4.09%)

Earnings
Q3 2021 Covestro AG Earnings Call Transcript
Nov 08, 2021

$31.67 (+0.37%)

Earnings
Covestro AG Investor Conference (Virtual) Transcript
Sep 28, 2021
Q2 2021 Covestro AG Earnings Call Transcript
Aug 06, 2021

$31.9 (-0.93%)

Earnings
Q1 2021 Covestro AG Earnings Call Transcript
Apr 28, 2021

$33.71 (+0.06%)

Earnings
Covestro AG Annual Shareholders Meeting Transcript
Apr 16, 2021
Q4 2020 Covestro AG Earnings Call Transcript
Feb 23, 2021

$36.5 (+0.36%)

Earnings
Q3 2020 Covestro AG Earnings Call Transcript
Oct 27, 2020

$25.04 (-0.67%)

Earnings
Covestro AG Acquisition of DSMs Resins & Functional Materials and Innovation Ventures Investor Call (Afternoon Session) Transcript
Sep 30, 2020
Covestro AG Acquisition of DSMs Resins & Functional Materials and Innovation Ventures Investor Call (Morning Session) Transcript
Sep 30, 2020
Covestro AG Annual Shareholders Meeting Transcript
Jul 30, 2020
Q2 2020 Covestro AG Earnings Call Transcript
Jul 23, 2020

$21.01 (-3.17%)

Earnings
Q1 2020 Covestro AG Earnings Call Transcript
Apr 29, 2020

$17.4 (+5.78%)

Earnings
Q4 2019 Covestro AG Earnings Call Transcript
Feb 19, 2020

$21.94 (+3.20%)

Earnings
Q3 2019 Covestro AG Earnings Call Transcript
Oct 28, 2019

$25.02 (-3.62%)

Earnings
Q2 2019 Covestro AG Earnings Call Transcript
Jul 24, 2019

$25.23 (+3.19%)

Earnings
Q1 2019 Covestro AG Earnings Call Transcript
Apr 29, 2019

$28.24 (-0.91%)

Earnings
Covestro AG Annual Shareholders Meeting Transcript
Apr 12, 2019
Q4 2018 Covestro AG Earnings Call Transcript
Feb 25, 2019

Earnings

Q2 2023 Covestro AG Earnings Call Transcript

Aug 01, 2023 / 01:00PM GMT

Release Date Price: $26.57 (-0.91%)

Transcript

Operator

Welcome to the Covestro Earnings Call Second Quarter Results. The company is represented by Markus Steilemann, CEO; and Thomas Toepfer, CFO. (Operator Instructions) You will find the quarterly statement and earnings call presentation on our IR website. I assume you have read the safe harbor statement. With that, I would now like to turn the conference over to Markus.

Markus Steilemann

Covestro AG - CEO & Chairman of Management Board

Hello, and a warm welcome also from my side to our second quarter call. We are still operating in a challenging environment characterized by weak demand, destocking and industry-wide price pressure. Consequently, our sales were significantly down year-on-year to EUR 3.7 billion. In line with our guidance, we achieved a second quarter EBITDA of EUR 385 million. Free operating cash flow strongly improved year-on-year and was minus EUR 10 million, only slightly negative in a seasonal weak quarter. This was supported by our rigorous working capital management.

For full year 2023, we confirm our guidance for all KPIs.

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