Covestro holds first Annual Stockholders’ Meeting

科思创Covestro

2016-05-10

导读：Materials producer looking forward optimistically after a successful year.

CEO Patrick Thomas (center), CFO Frank H. Lutz (right) and

Supervisory Board Chairman Dr. Richard Pott.

Materials producer looking forward optimistically

after a successful year

On May 3, materials manufacturer Covestro AG welcomed its stockholders to the first Annual Stockholders’ Meeting in the company’s history, held in Cologne. The Board of Management and the Supervisory Board reviewed the success achieved following the company’s launch in 2015 and explained the strategy for long-term growth.

“Today’s premier marks another milestone in the history of our company,” said CEO Patrick Thomas. “Last year, we not only achieved our independence, introduced our colorful new brand and successfully listed Covestro on the stock market, we also achieved our business targets. Based on these accomplishments, we are confident that we can look forward to an even more successful future.”

Focus on profitable growth

Covestro is focusing on long-term profitable growth. The MDAX and STOXX Europe 600 listed company will be relying on innovative products and technologies to help address global challenges. At the same time, Covestro will systematically pursue sustainability and consistently work to improve its production and cost structures.

“We have continued our strong performance into the current fiscal year,” said Chief Financial Officer Frank H. Lutz, “and we want our stockholders to participate in this in the long term. We intend to maintain a consistent dividend payout ratio of 30 to 50 percent of net income.”

For fiscal 2015, the Covestro Board of Management and Supervisory Board proposed a dividend of EUR 0.70 per share to stockholders.

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科思创Covestro

科思创专注于聚合物材料的生产制造，以及用于诸多日常生活领域的创新性及可持续性产品解决方案的研发，从而致力于全面推动循环经济发展。主要服务领域涵盖汽车与交通、建筑、家具与木材加工、电子、电气与家电、运动休闲、化妆品、医疗以及化工行业本身。

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科思创Covestro 科思创专注于聚合物材料的生产制造，以及用于诸多日常生活领域的创新性及可持续性产品解决方案的研发，从而致力于全面推动循环经济发展。主要服务领域涵盖汽车与交通、建筑、家具与木材加工、电子、电气与家电、运动休闲、化妆品、医疗以及化工行业本身。

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