Covestro names Klaus Froehlich CFO: Covestro stock sits 2.51 percent below its high

Published on 10/06/2026 at 11:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 operating earnings rose 64.40 percent to EUR 669.0 million. Covestro stock costs EUR 60.15 on October 6, 2026 after EUR 60.15.

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Covestro (ISIN DE0006062144) was trading at EUR 60.15 at Lang & Schwarz on October 6, 2026 at 11:19 a.m. CEST, placing the stock 2.51 percent below its EUR 61.70 52-week high. Klaus Froehlich took over as chief financial officer on October 1, 2026, following Christian Baier's departure, as Boerse Express reported.

New CFO enters takeover phase

Froehlich moved to Covestro from XRG P.J.S.C., the majority owner advancing a squeeze-out of minority shareholders. The cash compensation is EUR 59.46 per share, leaving the Lang & Schwarz price EUR 0.69 above that level on October 6, 2026.

The management change comes alongside Covestro's shift from a listed-company operating model toward integration with XRG. The company has also applied to move from the Prime Standard to the General Standard of the Frankfurt Stock Exchange, according to Boerse Express.

Second-quarter earnings improve

Operating earnings before interest, taxes, depreciation and amortization, or EBITDA, rose 64.40 percent year over year to EUR 669.0 million in the second quarter of 2026, even as sales declined, according to Quartr. That combination matters because the improvement came from profitability rather than top-line expansion.

Covestro's investor-relations page lists the 2026 EBITDA outlook increase dated July 9, 2026, while its financial calendar identifies the half-year report publication date as September 29, 2026, according to Covestro and Tradegate. The latest operating signal is therefore mixed: earnings improved materially, but lower sales still point to a demanding chemicals market.

Stock remains near the offer level

Covestro's market capitalization was EUR 12.5 billion on October 6, 2026, while its 52-week range was EUR 54.10 to EUR 61.70. The current price sits 1.16 percent above the EUR 59.46 cash offer, tying the market value closely to the takeover process rather than to a broad earnings re-rating.

At Lang & Schwarz, Covestro stock was trading at EUR 60.15 on October 6, 2026 at 11:19 a.m. CEST, unchanged at 0.00 percent versus the prior close of EUR 60.15 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Covestro stock.