Covestro names Klaus Fröhlich CFO as Covestro stock sits 2.20 percent below its high

Published on 10/05/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 EBITDA reached EUR 669.00 million, up 64.40 percent. Covestro stock costs EUR 60.15 on October 5, 2026 after EUR 60.15.

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Covestro (ISIN DE0006062144) was trading at EUR 60.15 at Lang & Schwarz on October 5, 2026 at 11:02 a.m. CEST, unchanged versus the prior close of EUR 60.15. According to Börse Express on September 13, 2026, Klaus Fröhlich was scheduled to take over as chief financial officer on October 1, succeeding Christian Baier. Covestro stock was 2.20 percent below the EUR 61.50 52-week high cited in the same report.

New CFO enters during ownership transition

Fröhlich moved from XRG, the investment arm of Abu Dhabi National Oil Company, to Covestro, while Baier's contract ended on September 30. The personnel change arrives during the squeeze-out process launched by XRG, with a cash compensation of EUR 59.46 per remaining minority share, according to Börse Express on September 7, 2026.

The compensation level gives the stock a clear reference point. The Lang & Schwarz price stood EUR 0.69 above that amount on October 5, 2026, a premium of 1.16 percent calculated against the EUR 59.46 offer.

EBITDA recovery raises the operating bar

Covestro's first-half 2026 EBITDA rose 64.40 percent to EUR 669.00 million as margins improved despite lower sales, according to Quartr in its September 17, 2026 presentation summary. That recovery is the main operating counterweight to the ownership transition and the stock's narrow distance from the takeover reference.

Historical fiscal year 2025 figures show the scale of the turnaround task. Covestro reported revenue of EUR 12.90 billion, down 8.70 percent, and EBITDA of EUR 740.00 million, down 30.90 percent, in the company's investor-relations materials. The same page states that the STRONG program had delivered EUR 275.00 million in savings by the end of 2025, with a target of EUR 400.00 million in annual benefits by the end of 2028, according to Covestro.

Stock remains close to the offer level

For investors, the central comparison is now between the EUR 59.46 cash compensation and the EUR 60.15 Lang & Schwarz price, rather than a large daily move. The company also remains a specialty chemicals producer whose portfolio includes polyurethanes, polycarbonates, coatings, adhesives and other polymer materials.

Covestro stock was trading at EUR 60.15 at Lang & Schwarz on October 5, 2026 at 11:02 a.m. CEST, unchanged versus the Lang & Schwarz prior close of EUR 60.15. The further course of trading is shown by the continuously updated real-time quote of Covestro stock.