Germany’s Covestro posts wider net loss in Q1

Covestro recorded a net loss of €160 million in Q1 2025, widening from a €35 million loss a year earlier, driven by restructuring charges and continued market pressure. EBITDA fell nearly 50% to €137 million, though it landed at the upper end of the company’s forecast and slightly exceeded market expectations. Group sales held steady at €3.48 billion, just 0.9% below the prior-year figure.

The company narrowed its full-year EBITDA outlook to €1.0–1.4 billion from a previous upper limit of €1.6 billion, citing weaker global growth and mounting geopolitical risks. Net free operating cash flow remained negative at €253 million in Q1.

Amid its strategic overhaul, Covestro permanently closed the POSM joint plant with LyondellBasell in the Netherlands due to high costs and global overcapacity. The company is also ramping up energy efficiency projects to support its goal of achieving climate-neutral operations by 2035.