Covestro Shares

Covestro Share Prices Stable in Volatile Environment

The stock exchange and the global economy in the first half of⁠ ⁠2025 were affected by the continuing demand crisis as well as the announcement and implementation of raised tariffs on imports into the United States.

Since the freefloat was below the 10% threshold, Covestro shares were excluded from the DAX as of the end of⁠ ⁠2024. Despite its exclusion, Covestro still considers the DAX a benchmark index that is relevant to the company. As of June⁠ ⁠30, 2025, the DAX was up 20.1% compared with the end of the year⁠ ⁠2024. The performance of European chemical stocks was significantly more restrained. At the end of the six-month period, the STOXX Europe 600 Chemicals index was only 4.7% higher than at the beginning of the year.

The prices of both Covestro stocks had been rising steadily since the beginning of⁠ ⁠2025 and remained stable even after the United States announced tariffs on April⁠ ⁠2, 2025, while the DAX and STOXX 600 Chemicals indices fell by more than 10% in for an interim period. Both indices had recovered from this temporary weakness by the end of April and rose further until the beginning of June. The movements in the prices of the Covestro stocks continued to be influenced less by business performance than the progress of the regulatory approvals that have to be obtained as part of the planned takeover by XRG P.J.S.C (XRG), Abu Dhabi (United Arab Emirates), formerly ADNOC International Limited, Abu Dhabi (United Arab Emirates). In the course of the first half of⁠ ⁠2025, the price of the shares in freefloat (1COV) moved increasingly closer to that of the shares tendered to XRG (1CO). However, at Xetra closing prices of €60.56 (1COV) and €60.40 (1CO), Covestro’s share prices were up at the end of the first half of⁠ ⁠2025, gaining 7.8% (1COV) and 4.1% (1CO) respectively compared with December⁠ ⁠31,⁠ ⁠2024.

1COV shares reached a high of €60.84 on June⁠ ⁠20, 2025, while the 1CO share price reached its high of €60.50 on May⁠ ⁠30, 2025.

As of the end of the reporting period, Covestro’s market capitalization stood at €11.4⁠ ⁠billion, broken down into €2.1⁠ ⁠billion in the stock line of shares not tendered (1COV) and €9.3⁠ ⁠billion in the stock line of tendered shares (1CO), based on 188,740,330 shares outstanding. Covestro holds 259,670 treasury shares. The average daily Xetra trading volume was 55,775 shares for 1COV shares; the trading volume of 1CO shares was higher, at 150,948 shares, because of the higher number of shares.

Virtual Annual General Meeting Held on April 17, 2025

Covestro⁠ ⁠AG’s Annual General Meeting (AGM) was held on April⁠ ⁠17, 2025. Taking account, in particular, of legislation, the authorization to hold a virtual AGM, the ownership structure, and expected costs, Covestro resolved at the end of⁠ ⁠the year 2024 to hold a virtual AGM, as in the previous year. The Group’s net income was negative in fiscal⁠ ⁠2024, showing a net loss of €266⁠ ⁠million. Under the current dividend policy, this means that no dividend was distributed to shareholders of Covestro⁠ ⁠AG.

Moody’s Confirms Covestro Rating and Outlook

On April⁠ ⁠28, 2025, Moody’s Investors Service, London (United Kingdom), confirmed Covestro’s Baa2 investment-grade rating with a stable outlook. Covestro intends to continue to maintain financing structures and financial ratios that support a solid investment-grade rating in the future.

All Analysts Neutral on Covestro Shares

At the end of the first half of⁠ ⁠2025, Covestro was covered by nine⁠ ⁠securities brokers. All analysts gave it a neutral rating. The average share price target was approximately €62 at the reporting date.