Covestro

OverviewSuggest Edit

With 2015 sales of EUR 12.1 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro has 30 production sites around the globe.

TypePublic
Founded2004
HQLeverkusen, DE
Websitecovestro.com
Employee Ratings4
Overall CultureA

Latest Updates

Employees (est.) (Apr 2022)17,883
Job Openings432
Revenue (FY, 2021)€15.9 B(+49%)
Share Price (May 2022)€38.7(-1%)
Cybersecurity ratingBMore
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Key People/Management at Covestro

Christine Maria Bortenlänger

Christine Maria Bortenlänger

Board Member
Richard Pott

Richard Pott

Chair of the Supervisory Board
Rolf Nonnenmacher

Rolf Nonnenmacher

Board Member
Markus Steilemann

Markus Steilemann

Board Member
Sucheta Govil

Sucheta Govil

Chief Commercial Officer
Thomas Toepfer

Thomas Toepfer

Chief Financial Officer
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Covestro Office Locations

Covestro has offices in Leverkusen and Pittsburgh
Leverkusen, DE (HQ)
Kaiser-Wilhelm-Allee 60
Pittsburgh, PA, US
1 Covestro Circle
Show all (2)

Covestro Financials and Metrics

Covestro Revenue

Covestro's revenue was reported to be €15.9 b in FY, 2021
EUR

Revenue (FY, 2021)

15.9b

Gross profit (FY, 2021)

5.3b

Net income (FY, 2021)

1.6b

EBITDA (FY, 2021)

3.1b

EBIT (FY, 2021)

2.3b

Market capitalization (12-May-2022)

7.6b

Closing stock price (12-May-2022)

38.7

Cash (31-Dec-2021)

649.0m

EV

9.5b
Covestro's current market capitalization is €7.6 b.
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

14.6b12.4b10.7b15.9b

Cost of goods sold

(9.3b)(8.9b)(7.3b)(10.7b)

Gross profit

5.4b3.7b3.5b5.3b

R&D expense

(276.0m)(266.0m)(262.0m)(341.0m)
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

3.2b3.2b3.2b2.8b2.2b2.8b3.3b(4.3b)11.6b

Cost of goods sold

(2.4b)(2.1b)(2.3b)(2.0b)(1.6b)(1.9b)(2.1b)2.9b(7.5b)

Gross profit

790.0m1.2b934.0m747.0m540.0m903.0m1.2b(1.5b)4.1b

R&D expense

(68.0m)(68.0m)(64.0m)(65.0m)(59.0m)(63.0m)(73.0m)95.0m(255.0m)
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Cash

865.0m748.0m1.4b649.0m

Accounts Receivable

1.8b1.6b1.6b2.3b

Prepaid Expenses

55.0m104.0m55.0m128.0m

Inventories

2.2b1.9b1.7b2.9b
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

771.0m640.0m422.0m1.2b1.5b1.2b2.1b856.0m496.0m

Accounts Receivable

1.9b1.8b1.8b1.6b1.3b1.5b1.9b2.3b2.4b

Prepaid Expenses

104.0m106.0m97.0m125.0m133.0m105.0m54.0m93.0m96.0m

Inventories

2.2b2.1b2.1b2.0b1.9b1.7b1.9b2.4b2.6b
Annual
EURFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

1.8b557.0m454.0m1.6b

Depreciation and Amortization

620.0m752.0m776.0m823.0m

Inventories

(308.0m)322.0m160.0m(987.0m)

Accounts Payable

31.0m(149.0m)(154.0m)722.0m
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

180.0m370.0m519.0m21.0m(32.0m)148.0m395.0m2.2b1.3b

Depreciation and Amortization

178.0m363.0m567.0m187.0m380.0m571.0m187.0m1.0b605.0m

Inventories

13.0m148.0m200.0m(115.0m)(21.0m)206.0m(230.0m)(1.3b)(773.0m)

Accounts Payable

(224.0m)(229.0m)(307.0m)(97.0m)(457.0m)(357.0m)139.0m729.0m335.0m
EURFY, 2018

Revenue/Employee

882.7k
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Covestro Revenue Breakdown

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Covestro revenue breakdown by business segment: 47.5% from SOLUTIONS & SPECIALTIES, 51.2% from PERFORMANCE MATERIALS and 1.3% from Other

Covestro Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Covestro Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Covestro Online and Social Media Presence

Embed Graph

Covestro Company Culture

  • Overall Culture

    A

    77/100

  • CEO Rating

    A

    78/100

  • Compensation

    A+

    89/100

Learn more on Comparably

Covestro News and Updates

Covestro and Genomatica produce important chemical raw material using biotechnology

Breakthrough for HMDA, widely-used ingredient, paves the way for more sustainable coatings, apparel, adhesives and plastics Breakthrough for HMDA, widely-used ingredient, paves the way for more sustainable coatings, apparel, adhesives and plastics

Covestro Launches New Durable Materials for Medical Device Housings and Hardware

PITTSBURGH, Nov. 10, 2021 /PRNewswire/ -- Covestro, a leading polymer company, today announced the launch of new durable materials for medical devices housings and hardware. The new Makrolon® M6011 FR, a medical polycarbonate, and Makroblend® M5005 FR, a medical polycarbonate/polyester...

Global Biobased Paints and Coatings Market Report 2021-2031 Featuring Alberdingk Boley, allnex, Covestro, Holmen Iggesund, IUV, Nabaco, NXTLEVVEL Biochem, Orineo, PolyFerm, PPG, Stora Enso

DUBLIN, Sept. 13, 2021 /PRNewswire/ -- The "The Global Market for Biobased Paints and Coatings 2021" report has been added to ResearchAndMarkets.com's offering. There is increased market demand and regulatory push for bio-based, sustainable paints and coatings, with many producers...

Insights on the Automatic Labeling Machine Global Market to 2026 - Featuring 3M, Autoneum Holding and Covestro Among Others

Dublin, July 23, 2021 (GLOBE NEWSWIRE) -- The "Automatic Labeling Machine Market Research Report by Product, by Packaging Classification, by Application, by Method of Label Placement, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.c…

Covestro named "Best Place to Work for Disability Inclusion"

PITTSBURGH, July 13, 2021 /PRNewswire/ -- Covestro LLC, a leading producer of high-performance polymers in North America, today announced its designation as a top-scorer in the 2021 Disability Equity Index® (DEI), a joint initiative of the American Association of People with Disabilities...

Global Plastics for Passenger Cars Market (2021 to 2025) - Featuring BASF, Covestro and Exxon Mobil Among Others

Dublin, June 15, 2021 (GLOBE NEWSWIRE) -- The "Global Plastics Market for Passenger Cars Industry 2021-2025" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the plastics market for passenger cars industry and it is poised to grow by $16.54 billion duri…
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Covestro Blogs

Global commitment to the containment of the pandemic: Covestro provides aid in Coronavirus crisis

In-kind and money donations in many countries / Focusing on the health and safety of the workforce

Covestro at the German Innovation Award 2020: Nominated: Energy-saving chlorine production

Covestro technology among finalists for coveted award / Up to 25 percent lower energy consumption and CO2 emissions / Worldwide savings of 35 million tons of CO2 annually possible

German Chemical Industry Association reorganizes top: Covestro boss becomes Vice President of the VCI

Markus Steilemann advocates dialogue in industry and society

Start-up Air Company wins prize for innovative use of CO2: Vodka made from carbon dioxide awarded

Covestro, CO2 Value Europe and nova Institut donate award / Start-ups from four nations in the final

Response to further spread of coronavirus: Covestro postpones Annual General Meeting

Annual General Meeting of Covestro AG will not take place on April 17, 2020, due to coronavirus pandemic / Meeting is postponed to a later date
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Covestro Frequently Asked Questions

  • When was Covestro founded?

    Covestro was founded in 2004.

  • Who are Covestro key executives?

    Covestro's key executives are Christine Maria Bortenlänger, Richard Pott and Rolf Nonnenmacher.

  • How many employees does Covestro have?

    Covestro has 17,883 employees.

  • What is Covestro revenue?

    Latest Covestro annual revenue is €15.9 b.

  • What is Covestro revenue per employee?

    Latest Covestro revenue per employee is €889.3 k.

  • Who are Covestro competitors?

    Competitors of Covestro include SWM, QAPCO and NIKOCHEM.

  • Where is Covestro headquarters?

    Covestro headquarters is located at Kaiser-Wilhelm-Allee 60, Leverkusen.

  • Where are Covestro offices?

    Covestro has offices in Leverkusen and Pittsburgh.

  • How many offices does Covestro have?

    Covestro has 2 offices.