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Covestro meets second-quarter targets, confirms outlook despite cooling economyBy Reuters

(Reuters) - German chemicals maker Covestro <1COV.DE> confirmed its full-year core profit outlook on Wednesday, saying it met its second-quarter targets despite high competitive pressures, weakness in the automotive industry and global uncertainties.

The maker of foam chemicals reported its second-quarter earnings before interest, tax, depreciation and amortization (EBITDA) at 459 million euros ( £411.1 million ), slightly above 443 million euros expected on average by analysts in a company-provided poll from Vara Research.

(Reporting by Zuzanna Szymanska; Editing by Tomasz Janowski)