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    1COV   DE0006062144

COVESTRO AG

(1COV)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/28 05:00:34 am
55.35 EUR   -2.14%
04:13aImproving sustainability with PU elastomers
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Covestro : High-performance automotive refinish reaches new standard of industrial hygiene

09/14/2021 | 05:12am EDT

BASF's Coatings division, a leading global supplier of premium-quality, durable and sustainable refinish coatings, is using a broad range of hardeners, including CovestroDesmodur®Ultra activators. This allows BASF to upgrade its refinish coatings portfolio to meet higher occupational safety standards on the use of isocyanates. The hardeners contain very low residual amounts of monomeric diisocyanates of less than 0.1 percent by weight, setting an entirely new standard in occupational hygiene.

'Thanks to the use of these raw materials, our refinish coatings satisfy the highest safety requirements while offering constant premium quality,' says Fabien Boschetti, Director Global Marketing at BASF Automotive Refinish Coatings Solutions. 'This allows us to minimize the impact of new EU regulations on collision centers.'

Disclaimer

Covestro AG published this content on 14 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2021 09:11:07 UTC.


ę Publicnow 2021
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Financials
Sales 2021 14 489 M 16 815 M 16 815 M
Net income 2021 1 529 M 1 774 M 1 774 M
Net Debt 2021 1 007 M 1 168 M 1 168 M
P/E ratio 2021 7,11x
Yield 2021 5,35%
Capitalization 10 925 M 12 661 M 12 679 M
EV / Sales 2021 0,82x
EV / Sales 2022 0,78x
Nbr of Employees 18 039
Free-Float 97,0%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 56,56 €
Average target price 67,67 €
Spread / Average Target 19,6%
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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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