covestro ups profit guidance on strong plastics demand - polycarbonate transparent
Frankfurt, July 26 (Reuters)-
Driven by strong demand for special materials such as transparent polycarbonate plastics, Germany's cove Stroo has improved its earnings guidance and enhanced its investment ambitions.
On Thursday, cove Stroo predicted an increase in earnings before interest, taxes, depreciation and amortization (EBITDA)
It was seen as flat this year.
The former Bayer subsidiary has vowed to increase its investment to 650 to 0. 7 billion euros this year, up from 0. 507 billion euros in 2017, with an annual investment of 1 euro over the next three years.
2 billion euros
EBITDA rose 16 in the quarter.
Between 2% and 985 billion euros, roughly the same as the Reuters survey of analysts.