Covestro trading on track in Q1 2018

摘要

Leverkusen, Germany - Sales in the polyurethanes business of Covestro were up 7.1 % in the first quarter of 2018. They reached €1.95 bn, despite a 1% fall in core volumes. The sales number translated into a 36.1% increase in EBITDA to €637 m. This compares with €468 m in the 2017 quarter. Higher prices around the world increased EBITDA in the segment. Higher prices offset the effects of unfavourable exchange rates and the fall in core volumes