It had been clear to everybody that 2019 would not be a perfect year after the weakening signals at the end of 2018. We have been a bit too cautious for 2019 as Covestro was able to report higher earnings, especially in Polycarbonates and CAS. Consensus was broadly met. 2020 will be challenging and management announced the usual measures to dampen the cost side as EBITDA is expected to come in even lower and also due to Coronavirus-related uncertainties.
19 Feb 2020
Quite good in 2019, but uncertainties weigh on 2020
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Quite good in 2019, but uncertainties weigh on 2020
Covestro AG (1COV:WBO) | 0 0 1.2% | Mkt Cap: 18,257m
- Published:
19 Feb 2020 -
Author:
Martin Schnee -
Pages:
3
It had been clear to everybody that 2019 would not be a perfect year after the weakening signals at the end of 2018. We have been a bit too cautious for 2019 as Covestro was able to report higher earnings, especially in Polycarbonates and CAS. Consensus was broadly met. 2020 will be challenging and management announced the usual measures to dampen the cost side as EBITDA is expected to come in even lower and also due to Coronavirus-related uncertainties.