Covestro AG (CVVTF) Q1 2025 Earnings Call Transcript

2025-05-06 15:06:03 ET

Covestro AG (CVVTF)

Q1 2025 Results Conference Call

May 6, 2025 9:00 AM ET

Company Participants

Ronald Koehler - Head of Investor Relations

Christian Baier - CFO & Member of Management Board

Carsten Intveen - Investor Relations Director

Conference Call Participants

Christian Faitz - Kepler Cheuvreux

Sebastian Bray - Berenberg

Presentation

Ronald Koehler

Welcome to the Covestro Earnings Call on the first quarter results. The company is represented by Christian Baier, CFO. [Operator Instructions] You will find the quarterly statement and earnings call presentation on our IR website. I assume you have read the safe harbor statement.

With that, I would now like to turn the conference over to Christian.

Christian Baier

Thank you, Ronald, and hello, and a warm welcome also from my side to our first quarter call.

The key financials of the first quarter were as shown on this page. Volumes developed flattish year-over-year. Sales also came in at stable €3.5 billion. We've achieved an EBITDA of €137 million, approaching the upper end of our quarterly guidance range. Free operating cash flow shows the usual seasonal dip with minus €253 million and we are reducing the upper end of our EBITDA guidance....

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