covestro

Covestro results buoyed by high PU demand 

Leverkusen, Germany – German materials supplier Covestro has reported a sharp rise in year-on-year earnings and sales in the second quarter of 2017, thanks to increasing demand for polymer materials.

In the three months to 30 June, group sales were up 17.0% at €3.5 billion, while core volumes were down by over 1%, the company announced 25 July.

Higher utilisation rates and “robust demand” also helped the Leverkusen, Germany-based company to increase earnings (EBITDA) by 56.5% to €848 million in the second quarter.

Net income more than doubled…

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