Covestro raises 2026 core earnings outlook after strong H1 (updated)

Covestro AG

09/07/2026 10:14

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July 9 (Reuters) - German chemicals maker Covestro 1COVG.D raised its full-year operating core earnings outlook on Thursday after reporting stronger-than-expected preliminary results for the first half of 2026, helped by higher selling prices.
The company reported preliminary half-year earnings before interest, tax, depreciation and amortisation (EBITDA) of €669 million ($764.33 million), as it benefited from higher prices while raw material cost increases lagged.
As a result, the group now expects 2026 EBITDA to be significantly above the previous year's level, compared with an earlier forecast that earnings would be around the 2025 level, which was €740 million.
Preliminary sales in the first half of the year amounted to €6.73 billion, it added.
Covestro is set to publish its half-year results on July 31.
    
($1 = 0.8753 euros)

 (Reporting by Emanuele Berro, Editing by Miranda Murray)
 ((Emanuele.Berro@thomsonreuters.com; +48 587696510))