It was one year ago to the day, on October 6, 2015, that Covestro debuted on the stock exchange. For Covestro, formerly Bayer MaterialScience, it was the beginning of a new era as an independent company and a step that has enabled it to play to its strengths faster, more effectively and more flexibly in the global competitive environment.
The driver of Covestro’s success is its new vision: to make the world a brighter place. "This vision has spurred us all on. We want to use our innovative technologies and products to help meet the challenges of the 21st century – climate change, the diminishing availability of resources and the expanding global population, for example – with products that benefit society and reduce pollution”, said CEO, Patrick Thomas.
The current stock price in excess of €50 is more than twice the issue price.