Covestro (1COV.GY)

October 29, 2024 In Company Notes By Hassan I. Ahmed

Covestro – In line Q3 EBITDA but EPS Beat; Q4 Guidance Mid-Point Slightly Below Consensus

Key Points In line Q3’24 EBITDA but EPS beat; Q4’24 guidance range mid-point slightly below consensus Sequentially higher EBITDA margins in S&S segment but lower in PM segment. Healthy y-o-y PM segment...

July 30, 2024 In Company Notes By Hassan I. Ahmed

Covestro – Q2 EBITDA and EPS Miss; Q3 and FY2024 Guidance Below Consensus

Key Points Q2’24 EBITDA and EPS miss; Q3’24 and FY2024 guidance range mid-point below consensus Sequentially higher EBITDA margins in PM segment but lower in S&S segment. Strong y-o-y PM segment volume...

June 10, 2024 In Multi Company Notes By Hassan I. Ahmed

Global Chemicals – MDI Margins and Demand Showing Some Signs of Life; Slightly Raising 1COV.DE and HUN’s TP

Key Points Periods of extreme MDI demand weakness, similar to the last two years, typically followed by strong demand rebounds Project delays and planned/unplanned outages could serve as margin tailwinds for the...

Covestro (1COV.GY)

Covestro – In line Q3 EBITDA but EPS Beat; Q4 Guidance Mid-Point Slightly Below Consensus

Covestro – Q2 EBITDA and EPS Miss; Q3 and FY2024 Guidance Below Consensus

Global Chemicals – MDI Margins and Demand Showing Some Signs of Life; Slightly Raising 1COV.DE and HUN’s TP

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