Company News
July 9, 2020
Covestro Preliminary Q2 Results
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.
July 9, 2020
Recticel Recovery
Press Release of Recticel – 09 July 2020 Update on COVID-19 impact – Business recovering after April low point
Olivier Chapelle (Chief Executive Officer): “After the low activity point of April, our sales progressively rebounded in May and further accelerated in June, which combined with the current strength of our orderbooks, gives me confidence that we are now emerging from this extraordinary crisis. In the second half of 2020, the topline of our retained businesses is expected to be back at the level of the second half of 2019, provided that no second wave of coronavirus cases occurs.”
July 9, 2020
Recticel Recovery
Press Release of Recticel – 09 July 2020 Update on COVID-19 impact – Business recovering after April low point
Olivier Chapelle (Chief Executive Officer): “After the low activity point of April, our sales progressively rebounded in May and further accelerated in June, which combined with the current strength of our orderbooks, gives me confidence that we are now emerging from this extraordinary crisis. In the second half of 2020, the topline of our retained businesses is expected to be back at the level of the second half of 2019, provided that no second wave of coronavirus cases occurs.”
July 7, 2020
BASF Recycling Project
BASF advances chemical polyurethane recycling
by Craig Bettenhausen
July 4, 2020 | APPEARED IN VOLUME 98, ISSUE 26
Credit: BASF BASF plans to convert polyurethane foam mattresses back into the polyol (brown bottle, left) from which they’re made.
In a lab in Brandenburg, Germany, BASF researchers are turning polyurethane mattress foam back into its polyol starting materials. It’s easy to sort mattresses out of waste streams but not to recycle them. That combination makes mattresses an attractive target for BASF’s drive toward circular supply chains, says technical project manager Arno Volkmann. The firm expects to have pilot quantities of recycled polyol later this year. BASF says it is also working to recover diisocyanate, the other major foam component.
July 7, 2020
BASF Recycling Project
BASF advances chemical polyurethane recycling
by Craig Bettenhausen
July 4, 2020 | APPEARED IN VOLUME 98, ISSUE 26
Credit: BASF BASF plans to convert polyurethane foam mattresses back into the polyol (brown bottle, left) from which they’re made.
In a lab in Brandenburg, Germany, BASF researchers are turning polyurethane mattress foam back into its polyol starting materials. It’s easy to sort mattresses out of waste streams but not to recycle them. That combination makes mattresses an attractive target for BASF’s drive toward circular supply chains, says technical project manager Arno Volkmann. The firm expects to have pilot quantities of recycled polyol later this year. BASF says it is also working to recover diisocyanate, the other major foam component.
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