DGAP-Adhoc: Covestro AG: Preliminary EBITDA of EUR 124 million in Q2 2020 is above market expectation

In the course of preparing the half-year financial report 2020 for the Covestro Group, preliminary Q2 key financial data deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on July 8, 2020.
 
Therefore, Covestro provides already today the following Q2 pre-release of the Group half-year financial report 2020:
 

• Preliminary sales amount to EUR 2,156 million in Q2'20. Consensus expects this number to be EUR 2,223 million.
   
• Preliminary volume effect in sales amounts to -22% in Q2'20. Consensus expects this number to be -22.5%.
   
• Preliminary EBITDA amounts to EUR 124 million in Q2'20. Consensus expects this number to be EUR 80 million.
   
• Preliminary net income amounts to around EUR -60 million in Q2'20. Consensus expects this number to be EUR -107 million.

 
The entire half-year financial report 2020 will be published on July 23, 2020.
 
Forward-looking statements
This ad-hoc statement may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. 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 company and the estimates given here. These factors include those discussed in Covestro's public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Contact for investors:
Ronald Köhler, Head of Investor Relations
Phone: +49 214 6009 5098
E-mail: [email protected]

Contact for media:
Lars Boelke, Global Corporate Media Relations
Phone: +49 214 6009 4206
E-mail: [email protected]