Accueil > Actualité
Actualite financiere : Actualite bourse

Covestro: Q3 income up 22%

(CercleFinance.com) - The Covestro share is down about 0.
7% in Frankfurt on Tuesday morning, underperforming the MDAX (down about 0.3%), after the group published Q3 net profit of 179 million euros, up 21.8%, with EBITDA up 7.3% at 456 million euros, helped by cost-cutting measures.

Sales fell by 12.7% to 2.8 billion euros, weighed on by lower sales prices, while core volumes increased by 3%, which the group said is thanks to a significant improvement in demand.

For FY 2020, the German materials chemist now targets EBITDA of around 1.2 billion euros, against a previous target range of 0.7-1.2 billion euros, despite core volumes that are still expected to be lower than in 2019.


Copyright (c) 2020 CercleFinance.com. All rights reserved.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.