Covestro AG Aktie News

Covestro has outperformed the S&P 500 by almost 5% since the beginning of 2023 but has lagged behind since early 2024. The company's financial highlights for 2023 were solid, but weak global demand and declining end markets have impacted its performance. COVTY remains a cyclical investment with potential upside, but the current outlook for the macro environment remains uncertain.

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 (ADNOC.UL).

Covestro AG (CVVTF) Q4 2023 Earnings Call Transcript

FRANKFURT/DUBAI, Dec 21 (Reuters) - Covestro is in open-ended talks with Abu Dhabi National Oil Co (ADNOC), a spokesperson for the German plastics and chemicals maker said on Thursday, following a report that the oil giant is preparing to up its takeover bid for the company.

Covestro has outperformed the S&P500 by almost 5% since the beginning of the year. The company has seen a non-trivial outperformance of over 40% compared to the broader market. Covestro is a cyclical business with exposure to various industries and has good margin and profitability.

Covestro AG (OTCPK:CVVTF) Q3 2023 Earnings Conference Call October 27, 2023 9:30 AM ET Company Participants Ronald Koehler - Head, IR Markus Steilemann - CEO Christian Baier - CFO Conference Call Participants Christian Faitz - Kepler Cheuvreux Jaideep Pandya - On Field Research Sebastian Bray - Berenberg Geoff Haire - UBS Paul Gleize - TIG Funds Ronald Koehler Welcome to the Covestro Earnings c...

Der Vorstand der Covestro AG hat heute entschieden, das derzeit laufende Aktienrückkaufprogramm aufgrund  der momentanen Gesamtlage und der begrenzt verbleibenden Zeit bis zum Auslaufen des Programms vorzeitig zu beenden. Dessen Beginn war mit der Bekanntmachung vom 28. Februar 2022 gemäß Art. ...

Der Vorstand der Covestro AG hat heute beschlossen, im Hinblick auf das von Abu Dhabi National Oil Company bekundete Interesse an Covestro ergebnisoffene Gespräche mit Abu Dhabi National Oil Company aufzunehmen. Ob, in welcher Form und gegebenenfalls zu welchen Konditionen eine Vereinbarung zwis...