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    1COV   DE0006062144

COVESTRO AG

(1COV)
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Covestro : Shaping neighborhoods in a climate-neutral and socially responsible manner

10/13/2021 | 04:22am EST

How can urban planners and municipalities create affordable housing and still make their contribution to climate neutrality? Pressure is growing, especially as climate protection targets continue to be tightened in various regions of the world, while cities face the challenge of creating housing for socially vulnerable groups as quickly as possible.

In the German cities of Überlingen and Stuttgart, climate-neutral residential quarters are being realized as part of the STADTQUARTIER 2050 project - with a special focus on socially responsible rent development -, which are already intended to serve as a lighthouse for the climate targets to be achieved by 2050 at the latest. The project includes both new buildings and the renovation of existing buildings. See the video.

Disclaimer

Covestro AG published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 08:21:07 UTC.


ę Publicnow 2021
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Financials
Sales 2021 15 339 M 17 324 M 17 324 M
Net income 2021 1 623 M 1 833 M 1 833 M
Net Debt 2021 816 M 922 M 922 M
P/E ratio 2021 6,06x
Yield 2021 6,77%
Capitalization 9 888 M 11 189 M 11 168 M
EV / Sales 2021 0,70x
EV / Sales 2022 0,69x
Nbr of Employees 17 883
Free-Float 97,0%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 51,22 €
Average target price 67,90 €
Spread / Average Target 32,6%
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Managers and Directors
Markus Steilemann Chief Executive Officer
Thomas Toepfer Chief Financial Officer & Labor Director
Richard Pott Chairman-Supervisory Board
Klaus Schńfer Chief Technology Officer
Petra Kronen Vice Chairman-Supervisory Board
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