Covestro reduced its profitability expectation by €300m against a background of quite good Q1 preliminary figures, giving our previous cautious view quite an optimistic tone. Management is enforcing stronger cash-saving measures and flags additional adjustments if a recovery in current situation does not start in Q3 20.
15 Apr 2020
Virus-driven adjustments: not a good 2020
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Virus-driven adjustments: not a good 2020
Covestro AG (1COV:WBO) | 0 0 1.2% | Mkt Cap: 18,257m
- Published:
15 Apr 2020 -
Author:
Martin Schnee -
Pages:
2
Covestro reduced its profitability expectation by €300m against a background of quite good Q1 preliminary figures, giving our previous cautious view quite an optimistic tone. Management is enforcing stronger cash-saving measures and flags additional adjustments if a recovery in current situation does not start in Q3 20.