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Covestro AG (1COV.DE)

XETRA - XETRA Delayed price. Currency in EUR
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48.91+1.13 (+2.37%)
At close: 05:35PM CEST
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  • Reuters

    Germany's VCI sees chemicals sector 'bright spots' as lifts forecast

    Germany's chemicals industry association raised its annual output forecast on Wednesday, highlighting 'bright spots' after a better than forecast start to 2024 due to higher demand outside Europe, particularly in Asia, North America and Latin America. The VCI lobby group, which represents around 1,900 companies in Germany's third-largest industrial sector, now expects production volumes including pharmaceuticals to rise by 3.5%. "We are now looking to the future with a little more confidence, as growth prospects are slowly brightening," said VCI President Markus Steilemann, who is also Chief Executive of chemicals group Covestro.

  • Zacks

    Is Covestro (COVTY) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Reuters

    Covestro: no deadline to conclude ADNOC talks, will take the necessary time

    Covestro said on Wednesday that it is under no legal deadlines to come to a decision in talks with suitor Abu Dhabi National Oil Company (ADNOC) and that it would take the time it needs to consider a potential takeover by ADNOC . "We will take the time that is needed to come to the best possible solution for shareholders and other stakeholders," CEO Markus Steilemann told shareholders at the annual general meeting, held virtually and broadcast on the internet. The chemical maker faced investor questions about the protracted negotiation, seven months after Covestro said it is in deal talks about an informal takeover offer by ADNOC.