- Q2 2025 sales dropped 8.4% to EUR 3.4 billion, EBITDA fell 15.6% to EUR 270 million.
- Full-year EBITDA forecast adjusted to EUR 700 million - EUR 1.1 billion.
- Pontacol AG acquisition to close in Q3 2025, expanding specialty films segment.
- Monique Buch becomes Chief Commercial Officer on August 1, 2025.

Q2 2025 Financial Performance
In the second quarter of 2025, Covestro faced a challenging economic environment, leading to an 8.4% decline in sales to EUR 3.4 billion and a 15.6% drop in EBITDA to EUR 270 million. The decline was driven by price reductions and currency effects, despite stable sales volumes. Net income was recorded at EUR –59 million, and free operating cash flow was EUR –228 million.
Adjusted Full-Year Forecast
Due to ongoing economic challenges, including weak demand and new trade tariffs, Covestro revised its full-year forecast. The company now expects EBITDA to range between EUR 700 million and EUR 1.1 billion, with free operating cash flow projected between EUR –400 million and EUR +100 million. The return on capital employed is anticipated to be between –9 and –5 percentage points.
Strategic Acquisition
In June 2025, Covestro agreed to acquire Pontacol AG, a Swiss manufacturer of multilayer adhesive films. This acquisition, expected to close in the third quarter of 2025, aims to enhance Covestro's specialty films segment and support its "Sustainable Future" strategy. The transaction will be financed with cash, aligning with Covestro's goal of maintaining a solid investment-grade rating.
Leadership Change
Monique Buch will assume the role of Chief Commercial Officer on August 1, 2025, overseeing the Solutions & Specialties segment. She succeeds Sucheta Govil and has been part of Covestro's Executive Board since June 2025.