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.