Covestro reported third-quarter 2025 results in line with expectations despite continued global economic challenges and weak demand across key markets. Group revenue fell 12 per cent to EUR 3.2 billion, while EBITDA stood at EUR 242 million, near the upper end of forecasts. Consolidated net income was EUR –47 million, with free operating cash flow at EUR 111 million.

Performance was affected by persistent pricing pressures, subdued demand, and production disruptions following a fire at the Chempark Dormagen substation. The company’s cost-cutting STRONG transformation programme has yielded EUR 320 million in savings to date, with a target of EUR 400 million annually by 2028.

CEO Dr Markus Steilemann said, “The third quarter shows how challenging the market remains, but our measures are working. We’re investing strategically in growth markets while ensuring operational discipline and resilience.”

Covestro narrowed its 2025 EBITDA forecast to EUR 700–800 million and expects free cash flow between EUR –400 million and EUR –200 million.

Sustaining its growth focus, Covestro completed the acquisition of Pontacol AG and signed an agreement with Vencorex Holding SAS, strengthening its portfolio in high-performance films and aliphatic isocyanates.

Marking its tenth anniversary, Covestro showcased 25 innovations at K 2025 in Düsseldorf under “The Material Effect”, reinforcing its leadership in sustainable materials and circular economy solutions.