Covestro closed the second quarter of 2025 in a challenging economic environment. While sales volumes remained largely stable, group sales fell by 8.4 % to EUR 3.4 billion. The group result was EUR –59 million, and free operating cash flow amounted to EUR –228 million. Given the continued weak economic conditions and no signs of a short-term recovery, Covestro lowered its full-year 2025 guidance. The company now expects EBITDA of between EUR 700 million and EUR 1.1 billion (previously: EUR 1.0 billion to EUR 1.4 billion) and free operating cash flow of between EUR –400 million and EUR 100 million.