Important to Control Costs in Current Environment, Says Covestro CEO

The video discusses the company's strong quarterly performance, highlighting a 4.8% revenue increase and a 1% net income rise. Despite market challenges, the company remains committed to shareholder value through dividends and share buybacks. The discussion addresses investor concerns over a recent share price drop, attributing it to broader market conditions. The company is investing in key products like MDI to capitalize on global megatrends such as climate change and renewable energy. The automotive market, while challenging, presents opportunities for growth in electric vehicles and material efficiency.

What was the percentage increase in the company's net income as mentioned in the video?

• 1%

• 4.8%

• 0.5%

• 2%

How did the company create value for shareholders this year?

• By reducing employee salaries

• By expanding into new markets

• Through share buybacks and dividends

• By increasing product prices

What is the company's strategy to strengthen its market position despite a challenging environment?

• Investing in key products and markets

• Reducing production

• Focusing solely on the automotive industry

• Cutting down on research and development

What is one of the key products the company is investing in within the United States?

• Steel

• MDI

• Aluminum

• Copper

What percentage of the company's revenue is generated outside the automotive market?

• 83%

• 100%

• 50%

• 17%

What is the company's exposure to the automotive market?

• 50%

• 10%

• 17%

• 25%

What trend in the automotive industry is the company well-positioned to support?

• Luxury vehicle production

• Manual transmission cars

• Electric propulsion systems

• Increased use of diesel engines