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Covestro Raises FY EBITDA Outlook BERLIN (dpa-AFX) - Covestro AG (CVVTF.PK, COVTY.PK) said it raised its forecast for EBITDA, free operating cash flow and return on capital employed for fiscal year 2021 as a result of a better than previously expected business development. The company raised its annual EBITDA outlook to a range of 2.20 billion euros - 2.70 billion euros from the prior outlook of 1.70 billion euros - 2.20 billion euros, citing a better than expected margin development in the first half of the year. The consensus expects this figure to be 2.206 billion euros. Annual core volume...

DGAP-Ad-hoc: Covestro AG / Key word(s): Change in Forecast/Preliminary Results Covestro AG: Raised earnings outlook for 2021 13-Apr-2021 / 19:36 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Covestro is raising its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed (ROCE) for fiscal year 2021 as a result of a better than previously expected business development. The new expectation exc...

In Germany, Covestro completed the acquisition of the Resins & Functional Materials business from the Dutch company Royal DSM. The transaction substantially expands Covestro’s portfolio of sustainable coating resins, making the Group one of the world’s leading providers in this growth market. The integration of RFM will expand the Group’s revenues by around EUR 1 billion and will add more than 20 sites to its global production network. With the transaction, Covestro is expanding its business in several areas. The Group is already one of the leading global providers of water-based polyur...

Study Achieves Highest Opto-Electronic Spin Polarization at Room Temperature Written by AZoOpticsApr 9 2021 The use of information technology in which the spin of electrons is used for information processing in quantum computers might be possible in the future. For a long time, this has been the aim of researchers to use spin-based quantum information technology at ambient temperature. Experimental setup similar to the one the researchers have used. Image Credit: Thor Balkhed. Now, scientists from Sweden, Finland and Japan have built a semiconductor component where information can be efficie...

Synthesis of photocatalytic and antibacterial materials for removing medicines from wastewater The Theoretical and Computational Chemistry Laboratory (QTC) of the Jaume I University of Castellón (UJI), in collaboration with the Centre for the Development of Functional Materials (CDMF) of the Universidad Federal de São Carlos (UFSCar), has published an article entitled “Selective Synthesis of α-, β-, and γ-Ag2WO4 Polymorphs: Promising Platforms for Photocatalytic and Antibacterial Materials” in scientific journal Inorganic Chemistry, which showcases new photocatalytic and antibacteria...