EQS-Adhoc: Covestro AG: Covestro AG enters into concrete negotiations with Adnoc regarding a potential transaction
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EQS-Ad-hoc: Covestro AG / Key word(s): Mergers & Acquisitions Based on the open-ended talks held so far with Abu Dhabi National Oil Company (“Adnoc“) the Board of Management of Covestro AG ("Covestro") after consultation with the Supervisory Board has today decided to enter into concrete negotiations with Adnoc on a potential transaction and the potential conclusion of an investment agreement as well as to allow for an adequate exchange of company information to confirm assumptions (confirmatory due diligence).
In the view of the Board of Management, the discussions so far have shown that Covestro and Adnoc can generally reach a common understanding regarding core aspects of a possible transaction including support for Covestro’s further growth strategy. Starting point for the negotiations is a possible offer price of € 62 per Covestro share that Adnoc has indicated to Covestro, which is subject, among other things, to the results of the confirmatory due diligence and agreement on the content of an investment agreement. Adnoc and Covestro both intend to proceed with the negotiations about a potential transaction and the confirmatory due diligence in a timely manner. At this time, there is no certainty whether the upcoming negotiations will lead to an agreement. There is also no certainty as to the final terms of any such agreement. Any potential transaction would, in addition to mutual agreement on the commercial and legal transaction parameters, among other things, be subject to the approval of the respective boards of the parties and clearance by the competent authorities. 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
24-Jun-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: | 1931575 |
| End of Announcement | EQS News Service |
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1931575 24-Jun-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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