Covestro narrows full-year outlook as challenging market conditions persist By Investing.com
Update: 2025-10-30
Description
Covestro, a leading German materials manufacturer, exceeded earnings expectations in Q3, reporting an EBITDA of 242 million euros, significantly higher than the anticipated 183 million. Despite facing economic headwinds and a 12% drop in revenue, the company managed to beat forecasts. However, they revised their full-year EBITDA projection to between 700-800 million euros, down from the previous upper limit of 1.1 billion. The revision is due to weaker sales prices, unfavorable exchange rates, and decreased product volumes. Despite a net loss and a fire at a substation, Covestro maintained stable free cash flow at 111 million euros. The company is focusing on its STRONG transformation program and expanding its specialty films business through acquisitions.
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