Covestro AG

Frankfurt Stock Exchange 1COV.F

Covestro AG Net Income Margin for the year ending December 31, 2023: -1.38%

Covestro AG Net Income Margin is -1.38% for the year ending December 31, 2023, a 11.94% change year over year. Net Income Ratio, also known as the profit margin, is the ratio of net income to net sales, showing the percentage of revenue that remains as profit after all expenses are deducted.

Covestro AG Net Income Margin for the year ending December 31, 2022 was -1.56%, a -115.39% change year over year.
Covestro AG Net Income Margin for the year ending December 31, 2021 was 10.16%, a 137.02% change year over year.
Covestro AG Net Income Margin for the year ending December 31, 2020 was 4.29%, a -3.60% change year over year.
Covestro AG Net Income Margin for the year ending December 31, 2019 was 4.45%, a -64.34% change year over year.

Key data

Date	Net Income Margin	EBITDA Margin	EBIT Margin	EBITDA

Frankfurt Stock Exchange: 1COV.F

Covestro AG

CEO	Dr. Markus Steilemann Ph.D.
IPO Date	Oct. 6, 2015
Location	Germany
Headquarters	Kaiser-Wilhelm-Allee 60
Employees	17,545
Sector	Materials
Industries Plastics Chemicals & Advanced Materials Composite Materials Containers & Packaging Petrochemicals

Description

Covestro AG supplies high-tech polymer materials and related application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications. The Solutions & Specialties segment comprises a range of polymer products, including precursors for coatings and adhesives, polycarbonates, MDI specialties and polyols, specialty films, elastomers, and thermoplastic polyurethanes that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for wind turbine, rotor blades, laptop cases, and floodlights. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.

Key trends

Past 5 years