Dr. Markus Steilemann, Chief Commercial Officer (CCO) and soon-to-be Chief Executive Officer (CEO) of Covestro said :
"We got off to a successful start in the first quarter and are well on track for the whole year. While maintaining core volumes on a high level, we've again significantly improved all other key figures compared to the excellent results of the prior-year quarter."
“We continue to benefit from increasing demand for sustainable solutions and superior materials. Going forward, we will continue to concentrate our efforts specifically on high-margin products with exceptional properties.”
Based on its business performance in the first quarter, the company has confirmed its guidance for fiscal year 2018. Dr. Thomas Toepfer, Chief Financial Officer (CFO) of Covestro since April 1, 2018, explained: “Based on the ongoing robust demand and supported by efficient investments, we aim to generate further organic volume growth. At the same time, we expect prices to normalize in a number of product groups throughout the year. All in all, we expect to continue on our successful course.”
Press Release Covestro AG, April 26, 2018