Covestro's sales decrease 14 pct in 2020 - World News
2021-02-23 16:06:08 GMT2021-02-24 00:06:08(Beijing Time) Xinhua English BERLIN, Feb. 23 (Xinhua) -- Sales of German chemicals group Covestro declined by almost 14 percent to 10.7 billion euros (13 billion U.S. dollars) in an "highly exceptional year 2020," the company said on Tuesday. Despite a "very successful fourth quarter," Covestro could not fully compensate the "massive, pandemic-related cut-backs" that arose in the first six months of the year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased by 8.2 percent year-on-year to 1.5 billion euros. "We...
Source: sina.com