Backed by the ‘perfect world’ of higher demand and pricing power, ignoring for the moment the adverse FX developments, Covestro lifted FY guidance, now seeing EBITDA above the previous year’s level (previously: around; 2017: €3,435m)and expects ROCE around (previously: approaching) the previous year’s level. And yes, the Q2 figures were above our expectations, which is also true for consensus.
26 Jul 2018
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Still sitting in the (pricing) driver’s seat
Covestro AG (1COV:WBO) | 0 0 1.2% | Mkt Cap: 18,257m
- Published:
26 Jul 2018 -
Author:
Martin Schnee -
Pages:
3
Backed by the ‘perfect world’ of higher demand and pricing power, ignoring for the moment the adverse FX developments, Covestro lifted FY guidance, now seeing EBITDA above the previous year’s level (previously: around; 2017: €3,435m)and expects ROCE around (previously: approaching) the previous year’s level. And yes, the Q2 figures were above our expectations, which is also true for consensus.