Covestro said it expects earnings for 2023 to be at the lower end of its previously indicated guidance range, citing a challenging environment that weighed on its third-quarter results.
The German chemicals company said it now expects earnings before interest, taxes, depreciation and amortization for the full year to be around 1.1 billion euros ($1.16 billion). It had previously guided for Ebitda of between EUR1.1 billion and EUR1.6 billion, but indicated that a result toward the lower end of that range was more likely.
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