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Covestro AG
Earnings Release • Apr 13, 2023
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Earnings Release
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News Details
Ad-hoc | 13 April 2023 18:47
Covestro AG: Preliminary results for the first quarter 2023
Covestro AG / Key word(s): Preliminary Results
Covestro AG: Preliminary results for the first quarter 2023
13-Apr-2023 / 18:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
In the course of preparing Covestro’s group accounts for the first quarter 2023, preliminary financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on April 13, 2023.
Therefore, Covestro provides already today the following preliminary key financial data for the first quarter 2023:
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Preliminary sales amount to EUR 3,743 million. The consensus expects EUR 3,942 million.
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Preliminary EBITDA amounts to EUR 286 million. The previous guidance expected EBITDA to be between EUR 100 million and EUR 150 million. The consensus expects EUR 158 million.
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Preliminary net income amounts to around EUR -30 million. The consensus expects EUR -77 million.
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Preliminary free operating cash flow (FOCF) amounts to around EUR -140 million.
The interim statement of the first quarter 2023 will be published on April 28, 2023.
Contact:
Ronald Köhler
Head of Investor Relations
Phone: +49 214 6009 5098
E-mail: [email protected]
Carsten Intveen
Phone: +49 214 6009 5861
E-mail: [email protected]
Marc Schütze
Phone: +49 214 6009 5281
E-mail: [email protected]
End of Inside Information
13-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Covestro AG |
| Kaiser-Wilhelm-Allee 60 | |
| 51373 Leverkusen | |
| Germany | |
| Phone: | +49 (0) 214 60095098 |
| Fax: | +49 (0) 214 60097002 |
| E-mail: | [email protected] |
| Internet: | www.covestro.com |
| ISIN: | DE0006062144 |
| WKN: | 606214 |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1607275 |
| End of Announcement | EQS News Service |