Urethane Blog
Covestro Releases Preliminary Results
April 14, 2023
Covestro AG: Preliminary results for the first quarter 2023
04/13/2023 | 12:48pm EDT
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: Preliminary sales amount to EUR 3,743 million. The consensus expects EUR 3,942 million. 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. Preliminary net income amounts to around EUR -30 million. The consensus expects EUR -77 million. 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. |
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