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    1COV   DE0006062144

COVESTRO AG

(1COV)
  Report
Real-time Estimate Tradegate  -  06:14 2022-09-30 am EDT
29.09 EUR   +0.81%
02:34aCOVESTRO : Credit Suisse reiterates its Neutral rating
MD
09/29COVESTRO : Deutsche Bank remains its Buy rating
MD
09/29COVESTRO : Goldman Sachs maintains a Buy rating
MD
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Business Summary
Logo 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:

- performance materials (51.2%): 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);

- specialty products (47.5%): raw materials for coatings, adhesives and films;

- other (1.3%).

At the end of 2021, the group operated 50 production sites around the world.

Net sales are distributed geographically as follows: Germany (12.1%), the United States (18.6%), China (22.3%) and other (47%).

Number of employees : 17 909 people.
Sales per Business
2021
Performance Materials8 142.0051.2%
Solutions & Specialties7 554.0047.5%
Other/Consolidation207.001.3%
EUR in Million
Sales per region
20202021Delta
Europe, Middle East, Africa and Latin America Excluding Mexico4 554.0042.5%6 914.0043.5% +51.82%
Asia Pacific3 539.0033.1%5 372.0033.8% +51.79%
North America2 613.0024.4%3 617.0022.7% +38.42%
EUR in Million
Managers
Name Title Age Since
Markus Steilemann Chief Executive Officer 51 2018
Thomas Toepfer Chief Financial Officer & Labor Director 49 2019
Klaus Schäfer Chief Technology Officer 59 2015
Ilia Kürten Director-Investor Relations - -
Thomas Elsner, Dr. Account Manager 64 2000
Sucheta Govil Chief Commercial Officer 58 2019
Michelle Jou President-Polycarbonates 52 2016
Members of the board
Name Title Age Since
Richard Pott Chairman-Supervisory Board 69 2018
Petra Kronen Vice Chairman-Supervisory Board 58 2015
Christine Maria Bortenlänger, Dr. Member-Supervisory Board 55 2015
Irena Küstner Member-Supervisory Board 55 2015
Regine Stachelhaus Member-Supervisory Board 67 2015
Marc Stothfang Member-Supervisory Board 55 2017
Petra Reinbold-Knape Member-Supervisory Board 63 2020
Patrick Webster Thomas Member-Supervisory Board 64 2020
Lise Kingo Member-Supervisory Board 61 2021
Christoph Gürtler, Dr. Member-Supervisory Board 54 2022
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 193,200,000 183,946,133 95.2% 3,479,956 1.8% 95.2%
Shareholders
NameEquities%
Amundi Asset Management SA (Investment Management) 8,036,517 4.16%
Franklin Mutual Advisers LLC 5,798,202 3.00%
Norges Bank Investment Management 5,128,129 2.65%
The Vanguard Group, Inc. 4,832,486 2.50%
DWS Investment GmbH 4,359,734 2.26%
BlackRock Investment Management (UK) Ltd. 4,013,179 2.08%
BlackRock Fund Advisors 3,371,612 1.75%
Dimensional Fund Advisors LP 3,068,506 1.59%
DWS Investments (UK) Ltd. 2,794,536 1.45%
BlackRock Asset Management Deutschland AG 2,660,921 1.38%
Markets and indexes
- Prime Standard
- DAX 40 / PEA, STOXX Europe 600
Stock Exchange Codes
- Bloomberg Code :  
- Reuters Code :  1COV.DE
- Datastream Code :  
Company contact information
Covestro AG
Kaiser-Wilhelm-Strasse Allee 60
DE-51373 Leverkusen, Nordrhein-Westfalen

Phone : +49 214 6009 2816
Fax :
web site : https://www.covestro.com
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