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    1COV   DE0006062144

COVESTRO AG

(1COV)
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Pearl Industries Overseas Ltd completed the acquisition of remaining 51% stake in Pearl Covestro Polyurethane Systems FZCO from Covestro AG.

07/26/2021 EDT

Pearl Industries Overseas Ltd agreed to acquire remaining 51% stake in Pearl Covestro Polyurethane Systems FZCO from Covestro AG (XTRA:1COV) on February 25, 2021. The sale will generate proceeds in the mid-single-digit million euro range for Covestro AG. The divestment is part of Covestro's ongoing portfolio optimization process and marks a further step in the strategic focusing of the Polyurethanes segment. The transaction is subject to regulatory approval, the closing is expected in the first half of 2021. Pearl Industries Overseas Ltd completed the acquisition of remaining 51% stake in Pearl Covestro Polyurethane Systems FZCO from Covestro AG (XTRA:1COV) on July 26, 2021.


ę S&P Capital IQ 2021
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Analyst Recommendations on COVESTRO AG
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Financials
Sales 2021 14 132 M 16 543 M 16 543 M
Net income 2021 1 422 M 1 665 M 1 665 M
Net Debt 2021 1 016 M 1 190 M 1 190 M
P/E ratio 2021 7,79x
Yield 2021 4,66%
Capitalization 11 014 M 12 929 M 12 893 M
EV / Sales 2021 0,85x
EV / Sales 2022 0,80x
Nbr of Employees 18 039
Free-Float 97,0%
Chart COVESTRO AG
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Covestro AG Technical Analysis Chart | 1COV | DE0006062144 | MarketScreener
Technical analysis trends COVESTRO AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 57,02 €
Average target price 67,37 €
Spread / Average Target 18,2%
EPS Revisions
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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