covestro q1 adj ebitda down 58 pct on lower prices - polycarbonate transparent
Frankfurt, April 29 (Reuters)-
Costello, a German chemical manufacturer, said core profits fell by 58% as competitors increased production and product prices were under pressure.
Chemical manufacturers for thermal insulation foam and transparent polycarbonate plastic are reported
EBITDA plunged to 0. 442 billion euros in the quarter ($493. 23 million)
Consistent with the average estimate of analysts in the Reuters survey.
The former Bayer subsidiary confirmed that 2019 EBITDA may be between 1.
€ 5 billion and € 2.
This year's € 0, below € 3.
2018 2 billion. ($1 = 0. 8961 euros)(
Ludwig Hamburg, edited by Michelle Martin)