Covestro cuts FY earnings guidance on trade tensions
ReutersMay 6, 2025 5:11 AM
May 6 (Reuters) - Germany's Covestro 1COV.DE narrowed on Tuesday the range of its full-year core profit guidance to 1 billion euros to 1.4 billion euros ($1.13 billion to $1.59 billion), citing trouble spots and new trade tension stemming from U.S. tariff policy.
The chemicals maker, whose main products include foam chemicals used in mattresses, car seats and building insulation, had previously forecast 2025 earnings before interest, tax, depreciation and amortisation (EBITDA) at between 1 billion euros and 1.6 billion euros.
($1=0.8831 euros)
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