Company Covestro AG

Equities

1COV

DE0006062144

Commodity Chemicals

Market Closed - Xetra 11:35:28 2024-04-16 am EDT 5-day change 1st Jan Change
50.96 EUR +0.28% Intraday chart for Covestro AG -1.13% -3.26%

Business Summary

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: 17,276

Sales per Business

EUR in Million2022Weight2023Weight 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 Million2022Weight2023Weight 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 TitleAgeSince
Chief Executive Officer 54 15-07-31
Director of Finance/CFO 47 23-09-30
Chief Tech/Sci/R&D Officer - 23-06-30
Corporate Officer/Principal 55 -
Corporate Officer/Principal 66 99-12-31
Corporate Officer/Principal 61 19-07-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 68 15-09-30
Chief Executive Officer 67 15-08-19
Chairman 70 15-08-19
Director/Board Member 59 15-09-30
Director/Board Member 57 15-09-30
Director/Board Member 65 20-01-06
Director/Board Member 58 22-03-31
Director/Board Member 58 -
Director/Board Member 58 -
Director/Board Member 57 22-03-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 189,000,000 184,898,131 ( 97.83 %) 259,670 ( 0.1374 %) 97.83 %

Shareholders

NameEquities%Valuation
Norges Bank Investment Management
3.642 %
6,882,468 3.642 % 377 M €
Franklin Mutual Advisers LLC
3.056 %
5,775,272 3.056 % 316 M €
Silchester International Investors LLP
2.998 %
5,666,889 2.998 % 310 M €
DWS Investment GmbH
2.955 %
5,584,888 2.955 % 306 M €
Amundi Asset Management SA (Investment Management)
1.587 %
2,999,863 1.587 % 164 M €
Union Investment Privatfonds GmbH
1.051 %
1,986,526 1.051 % 109 M €
Magallanes Value Investors SA SGIIC
0.7955 %
1,503,540 0.7955 % 82 M €
Eleva Capital LLP
0.7445 %
1,407,137 0.7445 % 77 M €
Eurizon Capital SGR SpA
0.6198 %
1,171,343 0.6198 % 64 M €
SEI Investments (Europe) Ltd.
0.5761 %
1,088,895 0.5761 % 60 M €
NameEquities%Valuation
RhumbLine Advisers LP
0.001613 %
6,096 0.001613 % 166 829 €
Paradigm Asset Management Co. LLC
0.000767 %
2,900 0.000767 % 79 364 €
GAMMA Investing LLC
0.000539 %
2,039 0.000539 % 55 801 €
PNC Investments LLC
0.000086 %
326 0.000086 % 8 922 €
First Horizon Advisors, Inc.
0.000012 %
45 0.000012 % 1 232 €

Company contact information

Covestro AG

Kaiser-Wilhelm-Allee 60

51373, Leverkusen

+49 214 6009 2000

http://www.covestro.com
address Covestro AG(1COV)

Group companies

NameCategory and Sector
Chemicals: Specialty
Wholesale Distributors
Chemicals: Specialty
Chemicals: Specialty
Industrial Specialties
Covestro Korea Corp.
Chemicals: Specialty
Chemicals: Specialty
Wholesale Distributors

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
50.82 EUR
Average target price
53.14 EUR
Spread / Average Target
+4.57%
Consensus