Covestro did not do too badly in Q2, from our point of view. We had expected the significant downturn in profitability, which came in marginally higher than expected. Guidance for Q3’s EBITDA and the unchanged FY guidance signal a challenging H2 19. Consensus was beaten by nearly +4%.
24 Jul 2019
Still challenging H2
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Still challenging H2
Covestro AG (1COV:WBO) | 0 0 1.2% | Mkt Cap: 18,257m
- Published:
24 Jul 2019 -
Author:
Martin Schnee -
Pages:
3
Covestro did not do too badly in Q2, from our point of view. We had expected the significant downturn in profitability, which came in marginally higher than expected. Guidance for Q3’s EBITDA and the unchanged FY guidance signal a challenging H2 19. Consensus was beaten by nearly +4%.