Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

 

 

Note

 

2019

 

2020

 

 

 

 

€ million

 

€ million

Sales

 

8

 

12,412

 

10,706

Cost of goods sold

 

 

 

(9,658)

 

(8,207)

Gross profit

 

 

 

2,754

 

2,499

Selling expenses

 

 

 

(1,380)

 

(1,195)

Research and development expenses

 

 

 

(266)

 

(262)

General administration expenses

 

 

 

(372)

 

(310)

Other operating income

 

9

 

181

 

63

Other operating expenses

 

10

 

(65)

 

(99)

EBIT1

 

 

 

852

 

696

Equity-method loss

 

 

 

(22)

 

(13)

Result from other affiliated companies

 

 

 

2

 

1

Interest income

 

 

 

40

 

26

Interest expense

 

 

 

(85)

 

(73)

Other financial result

 

 

 

(26)

 

(32)

Financial result

 

12

 

(91)

 

(91)

 

 

 

 

 

 

 

Income before income taxes

 

 

 

761

 

605

Income taxes

 

13

 

(204)

 

(151)

Income after income taxes

 

 

 

557

 

454

of which attributable to noncontrolling interest

 

 

 

5

 

(5)

of which attributable to Covestro AG stockholders (net income)

 

 

 

552

 

459

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share2

 

14

 

3.02

 

2.48

 

 

 

 

 

 

 

Diluted earnings per share2

 

14

 

3.02

 

2.48

1

EBIT: income after income taxes plus financial result and income tax expense

2

In accordance with IAS 33 (Earnings per Share), earnings per share corresponds to net income divided by the weighted average number of outstanding no-par voting shares of Covestro AG. The calculation is based on 184,912,207 no-par shares (previous year: 182,728,724). For more information, see note 14 “Earnings per share.”