Covestro says it expects an “increasingly challenging” second half of the year and anticipates Russia’s war against Ukraine will continue impacting global supply chains, already-high energy and raw material prices, high inflation, and weaker global economic growth. The company flags a heightened risk of potential disruptions to gas supplies from Russia to Europe, particularly in Germany, and says it could face the prospect of having … Continue reading Covestro flags heightened gas supply risks, potential production cuts

Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF), return on capital employed over weighted average cost of capital (ROCE over WACC) and greenhouse gas emissions, measured via CO2 equivalents, for fiscal year 2022. This is a consequence of a recent significant further increase in energy costs and a further weakening global economy.  Covestro adjusts its forecast for fiscal year 2022 as follows: EBITDA … Continue reading Covestro reduced earnings outlook for 2022