Covestro's CEO on Dividend, M&A, Euro

The video discusses the company's strong financial performance, highlighting record growth and shareholder rewards. It outlines the investment and growth strategy, focusing on potential acquisitions that add value and expand geographical scope or technology. The company plans to return cash to shareholders if significant growth steps are not taken within 24 months. Currency impact is minimal, with operations largely self-contained in key markets.

What has been a significant factor in the company's recent financial success?

• Expansion into new markets

• Decreasing product prices

• High industry utilization rates

• Reduction in operational costs

What is the company's plan if significant inorganic growth is not achieved within 24 months?

• Increase marketing efforts

• Invest in new technologies

• Return cash to shareholders

• Expand into new geographical areas

What is a key criterion for the company's acquisition strategy?

• Reducing operational costs

• Value creation for shareholders

• Entering new industries

• Increasing market share

What type of companies is the business interested in acquiring?

• Family-owned technology-driven enterprises

• Companies with high debt levels

• Startups in unrelated fields

• Large multinational corporations

How does the company handle its currency exposure in the UK?

• Hedges against currency fluctuations

• Invoices in euros

• Uses a mix of currencies

• Invoices in pounds

What is the company's position on the impact of Brexit?

• It has no impact

• It is a major concern

• It requires significant strategic changes

• It affects 2% of the business

What is the company's approach to its operations in America?

• Relies on local suppliers

• Focuses on domestic sales only

• Is a net exporter

• Imports most products