Approximately three months after inclusion in the MDAX stock index, Covestro is now included in another large family of indices - the STOXX Europe 600 and corresponding sector indices. With the STOXX Europe 600 Index, which comprises 600 companies from 18 countries across Europe, Covestro now also belongs to an international stock index.
"We are very pleased to be included in this important index family," says Frank H. Lutz, Covestro's Chief Financial Officer. "This reflects the great interest shown by investors and the positive development of our share price since our IPO. As a result, the Covestro share will become even more visible in the future. "
With 2015 sales of EUR 12.1 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and employs approximately 15,700 people (full-time equivalents) as of the end of 2016.
This press release is available for download from the Covestro press server at www.press.covestro.com.
Find more information at www.covestro.tw
This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available on the Covestro website at www.covestro.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.