EQS-Adhoc: Covestro AG: Covestro signs an Investment Agreement with ADNOC and supports the public takeover offer to all Covestro shareholders
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EQS-Ad-hoc: Covestro AG / Key word(s): Mergers & Acquisitions Covestro AG (“Covestro” or “Company”) has today signed with entities of ADNOC Group, including ADNOC International Limited (“ADNOC International”) and its indirect subsidiary ADNOC International Germany Holding AG (“Bidder”), an Investment Agreement with a term until end of 2028. The Investment Agreement stipulates that the Bidder will make a public takeover offer for all outstanding shares of Covestro at a price of €62.00 per share.
At the same time, the Board of Management and the Supervisory Board of Covestro decided today that the Company's share capital shall be increased by 10% (18,900,000 shares) upon completion of the takeover offer. At and subject to closing, the new shares shall be issued to the Bidder against payment of a price per share equal to the offer price and, thus, based on an offer price of €62.00 against a total amount of €1.17 billion, with a simplified exclusion of subscription rights. The takeover offer is subject to a minimum acceptance rate of 50 percent plus one share and customary closing conditions, including merger control, foreign investment control and EU foreign subsidies clearances. After thorough consideration, Covestro welcomes and supports the Bidder’s announced takeover offer. The Board of Management and the Supervisory Board will carefully review the offer document after its publication and will issue their reasoned statements pursuant to Section 27 WpÜG. Subject to the review of the offer document, the Board of Management and the Supervisory Board currently assume that they will recommend to Covestro’s shareholders to accept the offer. In connection with the conclusion of the Investment Agreement, the Board of Management, with the support of the Supervisory Board, has decided to not propose a dividend payment until the transaction has been completed. Contact: Ronald Köhler Head of Investor Relations Phone: +49 214 6009 5098 E-mail: ronald.koehler@covestro.com Carsten Intveen Phone: +49 214 6009 5861 E-mail: carsten.intveen@covestro.com Marc Schütze Phone: +49 214 6009 5281 E-mail: marc.schuetze@covestro.com End of Inside Information
01-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Covestro AG |
| Kaiser-Wilhelm-Allee 60 | |
| 51373 Leverkusen | |
| Germany | |
| Phone: | +49 (0) 214 60095098 |
| Fax: | +49 (0) 214 60097002 |
| E-mail: | ronald.koehler@covestro.com |
| Internet: | www.covestro.com |
| ISIN: | DE0006062144 |
| WKN: | 606214 |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1999045 |
| End of Announcement | EQS News Service |
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1999045 01-Oct-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 14.616,00 | 12.412,00 | 10.706,00 | 15.903,00 | 17.968,00 | 14.377,00 | 14.820,00 | |
| EBITDA1,2 | 3.200,00 | 1.604,00 | 1.472,00 | 3.085,00 | 1.617,00 | 1.080,00 | 1.250,00 | |
| EBITDA-Margin3 | 21,89 | 12,92 | 13,75 | 19,40 | 9,00 | 7,51 | 8,44 | |
| EBIT1,4 | 2.580,00 | 852,00 | 696,00 | 2.262,00 | 267,00 | 186,00 | 490,00 | |
| EBIT-Margin5 | 17,65 | 6,86 | 6,50 | 14,22 | 1,49 | 1,29 | 3,31 | |
| Net Profit (Loss)1 | 1.829,00 | 557,00 | 454,00 | 1.619,00 | -281,00 | -202,00 | 140,00 | |
| Net-Margin6 | 12,51 | 4,49 | 4,24 | 10,18 | -1,56 | -1,41 | 0,95 | |
| Cashflow1,7 | 2.376,00 | 1.383,00 | 1.234,00 | 2.193,00 | 970,00 | 997,00 | 0,00 | |
| Earnings per share8 | 9,46 | 3,02 | 2,48 | 8,37 | -1,42 | -1,05 | 0,72 | |
| Dividend per share8 | 2,40 | 2,40 | 1,30 | 3,40 | 0,00 | 0,00 | 0,40 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: KPMG
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Covestro | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 606214 | DE0006062144 | AG | 10.773,00 Mio € | 06.10.2015 | Halten | 9F382X7P+QV |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 23,75 | 12,23 | 1,94 | 14,87 | 1,57 | 10,81 | 0,75 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,40 | 0,70% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 17.04.2025 | 06.05.2025 | 31.07.2025 | 29.10.2024 | 26.02.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -1,37% | +6,09% | +8,20% | +7,34% | +137,50% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
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