- Group sales fell 12% to EUR 3.2 billion, with EBITDA at EUR 242 million.
- Cost savings of EUR 320 million achieved by end of 2025, targeting EUR 400 million annually by 2028.
- Acquisition of Pontacol AG and agreement with Vencorex to expand production in films and HDI derivatives.
- Full-year 2025 EBITDA forecast narrowed to EUR 700-800 million, with free cash flow between EUR -400 million and EUR -200 million.
Financial Performance
Covestro's Q3 2025 results aligned with expectations despite a challenging market. Sales dropped 12% to EUR 3.2 billion, and EBITDA decreased to EUR 242 million, impacted by a fire at Chempark Dormagen. Net income was EUR –47 million, with free operating cash flow at EUR 111 million.
Cost-Cutting and Efficiency
The STRONG transformation program, launched in 2024, achieved EUR 320 million in savings by the end of 2025, aiming for EUR 400 million annually by 2028. Covestro focuses on cost discipline and efficiency to navigate market pressures.
Strategic Investments
Covestro acquired Pontacol AG, enhancing its film business with new production sites in Switzerland and Germany. An agreement with Vencorex Holding SAS expands production of HDI derivatives in Thailand and the USA, strengthening the Coatings & Adhesives unit.
Full-Year Forecast
Covestro narrowed its 2025 EBITDA forecast to EUR 700-800 million, with the Dormagen fire impacting results. Free operating cash flow is expected between EUR –400 million and EUR –200 million, and ROCE above WACC is projected at –9 to –8 percentage points. Greenhouse gas emissions are estimated between 4.2 million and 4.8 million tonnes.
