Covestro in the red, again no dividend
The chemical company Covestro published its figures for the past year yesterday. The company, which is about to be taken over by the oil giant Adnoc, recorded a 1.4 percent drop in sales to 14.2 billion euros due to lower sales prices. The former DAX group also posted a loss.
While EBITDA was maintained at the 2023 level of EUR 1.1 billion, as expected, net income deteriorated significantly. The net loss widened from EUR 198 million to EUR 266 million. CEO Marus Steilemann emphasized: "We consistently stayed on course in 2024 and pushed ahead with our transformation with full force - despite the challenges that the entire chemical industry once again faced." He added: "In particular, the improvement in our plant availability enabled us to significantly increase our sales volumes. We are determined to continue on this path. With targeted investments in our competitiveness and sustainable future technologies, we are creating the basis for long-term growth."
Due to the renewed deficit and the ongoing takeover by Adnoc, Covestro will again not be paying out a dividend this year. The management board will continue to try to save money in order to be able to return to profitability.
Covestro's shares will probably require patience until all competition authorities have given the green light for the takeover. After that, shareholders of the Leverkusen-based chemical producer should be happy with 62 euros per share.
In the last print edition 08/2025 , DER AKTIONÄR highlighted which stocks you can rely on for secure dividend payments and which stocks you can look forward to enormously generous dividends.
Every investor knows the values from the major indices. Outside of the DAX, MDAX and TecDAX, however, coverage decreases drastically. Even in the SDAX, not all stocks are regularly analyzed and if they are, then only by a few experts. In her timeless classic "Stock-Picking with Small Caps", which has now been reissued unchanged, stock market expert Beate Sander, who died in September 2020, shows how investors can successfully search for interesting small caps. Simply replicating the small cap indices with certificates is probably no longer worthwhile in view of the past price increases. However, the targeted selection of promising and undervalued securities will remain lucrative. Beate Sander provides the necessary tools for this in her usual eloquent and competent manner.
deraktionaer.de
