Annual Report 2022
Financial documents.
Investor Relations
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Reporting Profile
Forward-looking statements.
This Report may contain forward-looking statements based on current assumptions and forecasts made by the management of Covestro AG, Leverkusen (Germany). Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development, or performance of the Group and the estimates given here. The various factors include those discussed in Covestro’s public reports, which are available at www.covestro.com. The company assumes no liability whatsoever to update such forward-looking statements or to conform them to future events or developments.
Inclusive Language
Diversity, equity, and inclusion are important to Covestro. To ensure better readability, we therefore strive to use gender-neutral language and avoid gender-specific terms in this Report. All terms should be taken to apply equally to all genders.
Reference Key
Reference to content in the Group Management Report or Consolidated Financial Statements
Reference to content in the supplementary sustainability information. The supplementary sustainability information that is not part of the statutory audit of the consolidated financial statements was subjected to a separate review with limited assurance pursuant to the International Standard on Assurance Engagements (ISAE) 3000 by KPMG AG Wirtschaftsprüfungsgesellschaft, Düsseldorf (Germany), and is identified as follows in this document:
Refers to content not contained in the Group Management Report, supplementary sustainability information, and Notes to the Consolidated Financial Statements. KPMG AG Wirtschaftsprüfungsgesellschaft, Düsseldorf (Germany), did not substantively audit or review the information referenced.
Rounding and Percentage Deviations
As the indicators in this Report are stated in accordance with commercial rounding principles, totals and percentages may not always be exact.
If a deviation changes from positive to negative or vice versa, or if it is greater than 1,000%, this is shown by a period.
Publication
The publication of this Annual Report does not comply with the legally required uniform electronic reporting format pursuant to Section 328, Paragraph 1, Sentence 4 of the German Commercial Code ( HGB ). A report in this format has been submitted to the operator of the electronic Federal Gazette in Germany and is accessible via the website www.unternehmensregister.de .
This Annual Report was published on March 2, 2023. It is available in German and English. The German version is binding.
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- Overview Foreword
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- Covestro Group at a Glance Innovation
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- Report on Economic Position Business Performance at a Glance
- Results of Operations, Financial Position, and Net Assets of the Covestro Group Covestro Group key data
- Results of Operations, Financial Position, and Net Assets of the Covestro Group Results of Operations
- Results of Operations, Financial Position, and Net Assets of the Covestro Group Financial Position
- Results of Operations, Financial Position, and Net Assets of the Covestro Group Net Assets
- Performance of the Segments Performance Materials
- Performance of the Segments Solutions & Specialties
- Report on Economic Position Results of Operations, Financial Position, and Net Assets of Covestro AG
- Report on Future Perspectives Forecast for the Covestro Group and Covestro AG
- Opportunities and Risks Report Overview
- Corporate Governance Overview
- Corporate Governance Declaration on Corporate Governance
- Corporate Governance Compliance
- Disclosures on Sustainability Reporting and GRI Index Overview
- Nonfinancial Group Statement Nonfinancial Group Statement
- Nonfinancial Group Statement EU Taxonomy
- Disclosures on Sustainability Reporting and GRI Index GRI Index
- Compensation Report Compensation of the Board of Management
- Principles and Methods 4. Segment and Regional Reporting
- Notes to the Income Statement 9. Personnel Expenses and Employee Numbers
- Notes to the Income Statement 12. Earnings per Share
- Notes to the Statement of Financial Position 19. Equity
- Further Information Segment and Quarterly Overview
- Further Information Five-Year Summary
IMAGES
COMMENTS
After completing his studies, he worked for Permira, a global investment company, from 2006 to 2011, among others. Before joining Covestro, he has been a member of the Management Board (Chief Financial Officer) of METRO AG since 2016 and had held various management positions at the international wholesaler from 2011.
Welcome to Covestro Investor Relations. Find all information on the company's performance, our share, financial events and get in touch with our IR team! Welcome to Covestro Investor Relations. ... FY 2022 Roadshow Presentation. March 2023 Read more. Download. Q3 2022 Roadshow Presentation.
Covestro's production sites are being converted to green electricity, and Covestro is concluding supply agreements to this end. For example, onshore wind energy already covers 45 percent of the demand at the Antwerp, Belgium, production site, and 10 percent of Covestro Shanghai's electrical energy needs have so far come from solar parks.
12 Q1 2024 │ IR Roadshow Presentation Covestro cash cost positions Notes: (1) Cost of production based on total raw material costs less co-product credits, variable and fixed conversion costs at 100% utilization based on nameplate capacity for FY 2022, including status cash cost improvements based on investment projects as of YE 2023
Segment Results 2022: The environment for both segments was challenging. The higher selling price level led to an increase in sales in both segments. Solution & Specialties recorded also an increase in EBITDA. Dr Markus Steilemannn, CEO of Covestro, and CFO Dr Thomas Toepfer, present the fully digital Annual Report 2022.
Q1 2022 │ IR Roadshow Presentation Notes: GHG emissions = Greenhouse gas emissions, calculated in accordance with GHG Protocol and WBCSD recommendations ... 11 Q1 2022 │ IR Roadshow Presentation Covestro cash cost positions Notes: (1) Cost of production based on total raw material costs less co-product credits, variable and fixed conversion ...
Covestro Virtual Investor Conference. Wednesday, September 22, 2021. Baader Investment Conference 2021 (Munich/virtual) Tuesday, August 31, 2021. Commerzbank Annual Corporate Conference (virtual) Friday, August 06, 2021. 2021 Half-Year Financial Report. Q2 2021 Earnings Call. Wednesday, June 16, 2021.
4. Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of the December 31 reporting date for the years 2018 to 2022. The reference information for 2018 and 2019 was restated accordingly; see note 4 " Change in Presentation ...
The year 2022 was one of extremes: war in Europe, sharp increases in raw material and energy costs, rising inflation and ongoing restrictions due to the coronavirus pandemic in China. All these crises also had a major impact on Covestro, and yet we mastered the past year and, at the same time, achieved strategically important successes.
Information was restated for fiscal year 2019-2020 for the change in presentation for rebates granted to customers. For further information click here Q4 2021 FY 2021 Dec. 31,2021 Operating cash flows 2 Free operating cash flow 2 WACC Q1 2022 Mar. 31,2022 Cash outflows for the purchase of additional interests in subsidiaries Q2 2022 6M 2022 Jun ...
In the course of preparing Covestro's group accounts for fiscal year 2022, preliminary full-year financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on January 12, 2023. "Covestro's business development last year was clearly impa...
Welcome to Covestro Investor Relations. Find all information on the company's performance, our share, financial events and get in touch with our IR team! Solution Center. ... Q1 2022 Roadshow Presentation. June 2022 Read more. Download. FY 2021 Roadshow Presentation. March 2022 Read more. Download. Q3 2021 Roadshow Presentation.
Q1 2023 │ IR Roadshow Presentation. Total net debt slightly increased mainly due to negative FOCF. March 31, 2023 -Total net debt. Notes: (1) as difference of pension provisions and net defined benefit assets (2) Method of calculation: Total net debt divided by EBITDA of last four quarters.
Download all tables of the Covestro Annual Report as a single Excel-file. Download XLS (587 kB) The following PDF files are available. Covestro - Annual Report 2022. 338 pages. 23.2 MB. Speeding up to circularity - Magazine.
Covestro Quarterly Statement as of March 31, 2022. Jump to content [AK + s] Jump to navigation [AK + 3] Quarterly Statement First Quarter 2022 . Investors Media. Reports. Contact. Investor Relations IR Contact. Corporate Media Relations Media Contact. General Contact Email. Language. Deutsch English.
This presentation may contain forward-looking statements based on current assumptions and forecasts made ... These factors include those discussed in Covestro's public reports, which are available on the Covestro website at www.covestro.com. ... Q1 2020 Q1 2021 Q1 2022 Q1 2023-139 Q1 2024-129. Total net debt burdened by negative FOCF
Welcome to Covestro Investor Relations. Find all information on the company's performance, our share, financial events and get in touch with our IR team! Dr. Markus Steilemann has been CEO of Covestro since June 2018.
Covestro IR Factsheet - Q1 2024 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Q1 2024 € million € million € million € million € million € million Core volumes ('000 t) 1,143.6 1,218.7 1,279.4 1,227.8 4,869.5 1,282.7 Sales 3,743 3,720 3,568 3,346 14,377 3,510 PM 1,792 1,789 1,707 1,588 6,876 1,689
(3) Covestro estimate 2024 FX sensitivity •1pp change equals +/- €10m for CNY/EUR (basis 7.80) +/- €5m for USD/EUR (basis 1.10) FOCF range •Smaller range compared to EBITDA due to counterbalancing working capital effects GHG emissions •GHG range mainly driven by expected increase in production volumes offset by EEG exit in Germany ...
Financial Calendar. Annual General Meeting 2023. Quarterly Statement First Quarter 2023. Half-Year Financial Report 2023. Quarterly Statement Third Quarter 2023. April 19, 2023. April 28, 2023. August 1, 2023. October 27, 2023.
Except for historical information contained herein, the statements and information in this presentation, including the oral statements made in connection herewith, are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform
Covestro's financial highlights for 2023 were solid. ... the company ended its funded share buybacks with €200M during the year and during 2022. ... Investors are required and expected to do ...
This Report may contain forward-looking statements based on current assumptions and forecasts made by the management of Covestro AG, Leverkusen (Germany). Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development, or performance of the ...