Business & Finance

Plastics maker Covestro’s profit bolstered by electronics, furniture, its CFO tells Reuters

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.

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
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