Finance
Germany's Covestro cuts 2025 guidance again
Published by Global Banking & Finance Review®
Posted on July 11, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 11, 2025
1 min readLast updated: January 22, 2026
Covestro cuts its 2025 earnings forecast again due to persistent global economic weakness, with new EBITDA guidance set between 700 million and 1.1 billion euros.
(Reuters) -German chemicals maker Covestro cut its full-year outlook for a second time on Friday, citing a continuously weak global economy without signs of a short-term recovery.
The company now sees its 2025 earnings before interest, taxes, depreciation and amortization (EBITDA) within a range of 700 million to 1.1 billion euros ($818.65 million-1.29 billion), down from a previously expected 1-1.4 billion euros.
Covestro already cut its guidance in May, as higher U.S. tariffs threaten to erode the chemical maker's earnings.
In the second quarter, Covestro's EBITDA reached 270 million million euros, above a consensus forecast for 220 million euros, according to a poll by Vara research.
Covestro's full second-quarter results are due on July 31.
($1 = 0.8551 euros)
(Reporting by Tristan Veyet in Gdansk, Editing by Miranda Murray and Rachel More)
Covestro cut its full-year outlook for a second time, projecting 2025 EBITDA between 700 million to 1.1 billion euros.
The company cited a continuously weak global economy and the impact of higher U.S. tariffs on its earnings.
In the second quarter, Covestro's EBITDA reached 270 million euros, exceeding the consensus forecast of 220 million euros.
Covestro's complete second-quarter results are scheduled for release on July 31.
The article states that $1 is equivalent to 0.8551 euros.
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