Covestro stock gains on ammonia deal and recent earnings

Published on 09/20/2026 at 12:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Covestro stock (ISIN DE0006062144) drew renewed attention on September 19, 2026 as a Hamburg ammonia project advanced. Latest quarterly revenue stayed in the mid single digit billions of euros and free cash flow improved year on year.

Fotorealistisches Luftbild eines Polymerchemiewerks bei Dämmerung mit beleuchteter Industrieanlage — Covestro AG Chemiewerk DE0006062144 Leverkusen bei Nacht mit beleuchteten Reaktoren und Kühltürmen am Rhein, Illustration mit AI erstellt.

Covestro stock (ISIN DE0006062144) drew renewed attention on September 19, 2026 as the German materials group advanced an ammonia import partnership in Hamburg, while its latest quarterly figures still pointed to a mixed operating backdrop.

Ammonia project adds a catalyst

According to ad hoc news on September 19, 2026, Covestro, Fertiglobe and MB Energy signed a memorandum of understanding in September 2026 to assess cooperation on an ammonia import terminal in Hamburg and related logistics across Germany and Europe. The same report said the move could support low carbon supply chains and diversify feedstock options for Covestro over time.

The latest reported quarter in 2026 brought revenue in the mid single digit billions of euros and net profitability, while operating margins reflected a still challenging but stabilizing environment, according to the same ad hoc news report.

Revenue and cash flow

That report also said Covestro's latest quarterly revenue was down by a single digit percentage from the prior year period, while EBIT was lower because of pricing pressure and energy costs. Free cash flow improved year on year as working capital management tightened, a useful counterweight for investors watching cash generation.

On valuation, the shares were described as trading at a forward price to earnings multiple in the high single digits and an enterprise value to EBITDA ratio in the high single to low double digits range, based on the most recent guidance and consensus expectations in mid September 2026, according to ad hoc news.

Stock near the mid double digits

On Xetra, Covestro stock most recently closed in the mid double digit euro range on a completed trading day in September 2026, with a modest daily change and the price sitting within its 52 week range. The company's market capitalization was in the mid single digit billions of euros as of September 18, 2026.