Covestro expects its 2025 core profit to be on par with the previous year’s level, the German chemicals maker said on Wednesday, as it reported better-than-expected earnings for 2024.
The company, whose main products include foam chemicals used in mattresses, car seats and insulation for buildings, expects annual earnings before interest, tax, depreciation and amortisation (EBITDA) to come between 1.0 billion and 1.6 billion euros, compared with the 1.1 billion euros ($1.15 billion) it recorded in 2024.
(Reporting by Elviira Luoma, Jesus Calero and Linda Pasquini)
