Covestro AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]
February 28, 2020 at 03:40 pm IST
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DGAP Preliminary announcement financial reports: Covestro AG
/ Preliminary announcement on the disclosure of financial statements
Covestro AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]
28.02.2020 / 11:05
Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act] transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Covestro AG hereby announces that the following financial reports shall be disclosed:
Report Type: Financial report of the group (half-year/Q2)
Language: German
Date of disclosure: July 23, 2020
Address: https://www.covestro.com/de/investors/reports-and-presentations
Language: English
Date of disclosure: July 23, 2020
Address: https://www.covestro.com/en/investors/reports-and-presentations
28.02.2020 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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%).
Covestro AG: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act]