Germany’s Covestro is set to post a better-than-expected third quarter thanks to a boost in demand from stay-at-home workers, its finance chief told Reuters exclusively in an interview. The company’s quarterly EBITDA will likely come to about 350 million euros ($415 million), he said, exceeding analyst consensus for 268 million.
Business & Finance
Plastics maker Covestro’s profit bolstered by electronics, furniture, its CFO tells Reuters
17 August 2020, 2:55 pm 1 minute
Market Impact
Covestro’s shares rose by nearly two percentage points on the news.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text