Covestro Group Consolidated Income Statement
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Note |
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2019 |
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2020 |
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€ million |
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€ million |
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Sales |
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12,412 |
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10,706 |
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Cost of goods sold |
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(9,658) |
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(8,207) |
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Gross profit |
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2,754 |
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2,499 |
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Selling expenses |
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(1,380) |
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(1,195) |
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Research and development expenses |
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(266) |
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(262) |
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General administration expenses |
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(372) |
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(310) |
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Other operating income |
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181 |
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63 |
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Other operating expenses |
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(65) |
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(99) |
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EBIT1 |
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852 |
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696 |
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Equity-method loss |
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(22) |
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(13) |
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Result from other affiliated companies |
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2 |
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1 |
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Interest income |
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40 |
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26 |
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Interest expense |
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(85) |
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(73) |
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Other financial result |
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(26) |
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(32) |
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Financial result |
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(91) |
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(91) |
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Income before income taxes |
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761 |
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605 |
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Income taxes |
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(204) |
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(151) |
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Income after income taxes |
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557 |
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454 |
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of which attributable to noncontrolling interest |
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5 |
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(5) |
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of which attributable to Covestro AG stockholders (net income) |
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552 |
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459 |
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€ |
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€ |
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Basic earnings per share2 |
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3.02 |
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2.48 |
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Diluted earnings per share2 |
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3.02 |
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2.48 |
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