12. Earnings per Share

are calculated according to 33 (Earnings per Share) as the relationship of the Group’s income after income taxes () for the fiscal year to the weighted average number of outstanding no-par voting shares of Covestro AG. Since November 21, 2017, Covestro AG has been acquiring treasury shares as part of a share buy-back program, which was terminated on December 4, 2018. In 2018, a weighted average number of outstanding no-par voting shares of 192,768,826 was used to calculate earnings per share, while in 2017, these shares amounted to 202,396,416.

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Earnings per Share

 

  

 

  

 

 

  

2017

  

2018

 

  

€ million

  

€ million

Income after income taxes

  

2,017

  

1,829

of which attributable to noncontrolling interest

  

8

  

6

of which attributable to Covestro AG stockholders (net income)

  

2,009

  

1,823

 

  

 

  

 

 

  

Shares

  

Shares

Weighted average number of outstanding no-par voting shares of Covestro AG

  

202,396,416

  

192,768,826

 

  

 

  

 

 

  

€

  

€

Basic earnings per share

  

9.93

  

9.46

Diluted earnings per share

  

9.93

  

9.46
Earnings per share
Net income divided by the weighted average number of outstanding shares in the reporting period
IAS/International Accounting Standards
International accounting standards as endorsed by the European Union
Net income
Income after income taxes that is attributable to the stockholders