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MarketScreener Homepage  >  Equities  >  Xetra  >  Covestro AG    1COV   DE0006062144

COVESTRO AG

(1COV)
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Covestro : at the TRUSTECH 2019 trade fair from November 26 to 28

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11/22/2019 | 04:17am EST
more imagesdownloadNew identity documents must meet strict government requirements for longevity and security. Innovative film solutions from Covestro meet these requirements and also enable the efficient production of ID cards.

The requirements for forgery protection and data integrity of identification (ID) documents have become drastically stricter worldwide. For example, visible security features for passports are becoming increasingly important. New ID documents must meet stringent government requirements for durability and security.

At the TRUSTECH 2019 trade fair from November 26-28, 2019 in Cannes, France, Covestro will be presenting innovative film solutions for passports at booth A045 under the motto 'Rethinking the Passport'. These new materials meet the requirements of the next passport generation in terms of counterfeit protection, durability and more effective production processes. Covestro has many years of experience in the development and production of materials for ID documents.

Innovative films for secure passports and ID card concepts
Solutions with innovative Makrofol® ID, Platilon® ID and Dureflex® ID specialty films now provide more space within the ID document and passport data pages to integrate additional security features into physical document elements and the digital chip for a secure identification of citizens.

In order to prevent document attacks through forgery, manipulation and identity theft, citizen ID documents are equipped with various security elements. This starts at the very beginning of document creation process with robust substrate materials and innovative security concepts to protect the physical and digital elements.

Covestro experts will conduct presentations on the following topics at the Conference and will also attend a round table session:
• 'Re-thinking passport concepts enabled by innovative specialty films'
Tobias Kordt, Head of Specialty Films in the EMLA region
Wednesday, November 27, 2019, 4:00 p.m., Innovation Stage
• 'Innovation unboxed - new concepts for passports and identification documents'
Henry Leung, Global Segment Manager Identification in the Specialty Films Division
Wednesday, November 27, 2019, 10:50 a.m., Innovation Stage
• 'Secure document and authentication' Georgios Tziovaras, Global Business Development Manager Identification in the Specialty Films Division
Thursday, November 28, 2019, 12:30 p.m., Round Table Session

About Covestro:
With 2018 sales of EUR 14.6 billion, Covestro is among the world's largest polymer companies. 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, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,800 people (calculated as full-time equivalents) at the end of 2018.

Find more information at www.covestro.com.
Follow us on Twitter: https://twitter.com/covestro

Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Disclaimer

Covestro AG published this content on 22 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2019 09:16:03 UTC

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Financials (EUR)
Sales 2019 12 563 M
EBIT 2019 849 M
Net income 2019 551 M
Debt 2019 943 M
Yield 2019 5,68%
P/E ratio 2019 13,7x
P/E ratio 2020 16,3x
EV / Sales2019 0,67x
EV / Sales2020 0,71x
Capitalization 7 526 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 45,40  €
Last Close Price 41,19  €
Spread / Highest target 40,8%
Spread / Average Target 10,2%
Spread / Lowest Target -12,6%
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Markus Steilemann Chief Executive Officer
Richard Pott Chairman-Supervisory Board
Thomas Toepfer Chief Financial Officer
Klaus Schäfer Chief Technology Officer
Petra Kronen Vice Chairman-Supervisory Board
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