Covestro AG (XTER:1COV)

€ 57.98 0.06 (0.1%) Market Cap: 10.93 Bil Enterprise Value: 13.68 Bil PE Ratio: 0 PB Ratio: 1.64 GF Score: 71/100

Q3 2024 Covestro AG Earnings Call Transcript
Oct 29, 2024

€58.22

Earnings
Half Year 2024 Covestro AG Earnings Call Transcript
Jul 30, 2024

€54.68 (+1.45%)

Earnings
Q1 2024 Covestro AG Earnings Call Transcript
Apr 30, 2024

€46.98 (-1.20%)

Earnings
Q4 2023 Covestro AG Earnings Call Transcript
Feb 29, 2024

€50.3 (+1.76%)

Earnings
Q3 2023 Covestro AG Earnings Call Transcript
Oct 27, 2023

€47 (-3.41%)

Earnings
Q2 2023 Covestro AG Earnings Call Transcript
Aug 01, 2023

€48.39 (-0.90%)

Earnings
Q1 2023 Covestro AG Earnings Call Transcript
Apr 28, 2023

€39.79 (+8.45%)

Earnings
Covestro AG Annual Shareholders Meeting Transcript
Apr 19, 2023
Q4 2022 Covestro AG Earnings Call Transcript
Mar 02, 2023

€38.9 (-6.17%)

Earnings
Q3 2022 Covestro AG Earnings Call Transcript
Oct 25, 2022

€34.37 (-3.73%)

Earnings
Q2 2022 Covestro AG Earnings Call Transcript
Aug 02, 2022

€33.51 (+1.39%)

Earnings
Q1 2022 Covestro AG Earnings Call Transcript
May 03, 2022

€39.4 (-4.58%)

Earnings
Covestro AG Annual Shareholders Meeting Transcript
Apr 21, 2022
Q4 2021 Covestro AG Earnings Call Transcript
Mar 01, 2022

€46.13 (-2.29%)

Earnings
Q3 2021 Covestro AG Earnings Call Transcript
Nov 08, 2021

€54.62 (+0.22%)

Earnings
Covestro AG Investor Conference (Virtual) Transcript
Sep 28, 2021
Q2 2021 Covestro AG Earnings Call Transcript
Aug 06, 2021

€54.1 (-0.48%)

Earnings
Q1 2021 Covestro AG Earnings Call Transcript
Apr 28, 2021

€55.72 (-0.11%)

Earnings
Covestro AG Annual Shareholders Meeting Transcript
Apr 16, 2021
Q4 2020 Covestro AG Earnings Call Transcript
Feb 23, 2021

€60.12 (+0.03%)

Earnings
Q3 2020 Covestro AG Earnings Call Transcript
Oct 27, 2020

€42.76

Earnings
Covestro AG Acquisition of DSMs Resins & Functional Materials and Innovation Ventures Investor Call (Afternoon Session) Transcript
Sep 30, 2020
Covestro AG Acquisition of DSMs Resins & Functional Materials and Innovation Ventures Investor Call (Morning Session) Transcript
Sep 30, 2020
Covestro AG Annual Shareholders Meeting Transcript
Jul 30, 2020
Q2 2020 Covestro AG Earnings Call Transcript
Jul 23, 2020

€36.7 (-1.18%)

Earnings
Q1 2020 Covestro AG Earnings Call Transcript
Apr 29, 2020

€31.81 (+4.26%)

Earnings
Q4 2019 Covestro AG Earnings Call Transcript
Feb 19, 2020

€40.61 (+2.94%)

Earnings
Q3 2019 Covestro AG Earnings Call Transcript
Oct 28, 2019

€45.34 (-2.89%)

Earnings
Q2 2019 Covestro AG Earnings Call Transcript
Jul 24, 2019

€44.82 (+3.25%)

Earnings
Q1 2019 Covestro AG Earnings Call Transcript
Apr 29, 2019

€50.48 (-1.25%)

Earnings
Covestro AG Annual Shareholders Meeting Transcript
Apr 12, 2019
Q4 2018 Covestro AG Earnings Call Transcript
Feb 25, 2019

Earnings

Q1 2023 Covestro AG Earnings Call Transcript

Apr 28, 2023 / 01:00PM GMT

Release Date Price: €39.79 (+8.45%)

Transcript

Ronald Koehler

Covestro AG - Head of IR

Welcome to Covestro's earnings call on Q1 2023 results. The company is represented by Markus Steilemann, CEO; and Thomas Toepfer, CFO. (Operator Instructions) You will find the quarterly statement and earnings call presentation on our IR website. I assume you have read the safe harbor statement. With that, I would now like to turn the conference over to Markus.

Markus Steilemann

Covestro AG - CEO & Chairman of Management Board

Thanks, Ronald, and hello and warm welcome also from my side to the results of our first quarter. Today, we published our Q1 details after we had pre-released the headline figures 2 weeks ago. Sales were down by 20% compared to last year to EUR 3.7 billion, clearly indicating the global demand crisis we are currently facing.

Against this trend, we achieved the first quarter EBITDA of EUR 286 million, clearly beating the guidance of EUR 100 million to EUR 150 million given in early March. Free operating cash flow was also better than expected by us despite the usual seasonal working

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