International.
Covestro called its first year of independence a great success. The company assured that all financial objectives were achieved in 2015. Compared to the prior-year period, adjusted EBITDA increased substantially, and free operating cash flow reached an all-time high.
Recently, the company plans to pay its shareholders a first dividend of 0.70 euros per share. Covestro believes it is on track for further growth in 2016 and expects to once again generate elevated cash flows.
In the reference year, Covestro increased EBITDA by 41.3% compared to 2014 to €1.64 million. This can mainly be attributed to more favorable supply and demand, as well as higher volumes.
As a result, sales increased by 2.7% to €12.08 million despite the decrease in sales prices. Core volume growth – an important new key performance indicator for the Group's control – increased by the same proportion. The three regions in which the company operates recorded volume growth similar to that of the previous year.
