Report on Economic Position – Results of Operations, Financial Position, and Net Assets of the Covestro Group
Covestro Group key data
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4th quarter 2020 |
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4th quarter 2021 |
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Change |
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2020 |
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2021 |
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Change |
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€ million |
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€ million |
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% |
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€ million |
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€ million |
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% |
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Core volume growth1 |
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+1.7% |
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+4.6% |
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–5.6% |
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+10.0% |
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Sales |
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3,007 |
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4,338 |
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+44.3 |
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10,706 |
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15,903 |
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+48.5 |
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Change in sales |
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Volume |
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+4.7% |
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–0.2% |
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–5.1% |
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+6.5% |
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Price |
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+5.4% |
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+31.6% |
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–5.7% |
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+34.7% |
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Currency |
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–4.0% |
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+3.8% |
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–1.6% |
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–0.8% |
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Portfolio |
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–1.1% |
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+9.1% |
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–1.3% |
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+8.1% |
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Sales by region |
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EMLA |
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1,288 |
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1,822 |
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+41.5 |
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4,600 |
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6,876 |
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+49.5 |
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NA |
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654 |
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1,049 |
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+60.4 |
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2,554 |
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3,553 |
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+39.1 |
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APAC |
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1,065 |
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1,467 |
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+37.7 |
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3,552 |
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5,474 |
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+54.1 |
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EBITDA |
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637 |
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663 |
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+4.1 |
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1,472 |
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3,085 |
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>100 |
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Depreciation and amortization |
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205 |
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218 |
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+6.3 |
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776 |
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823 |
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+6.1 |
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EBIT |
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432 |
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445 |
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+3.0 |
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696 |
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2,262 |
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>200 |
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Financial result |
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(13) |
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(10) |
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–23.1 |
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(91) |
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(77) |
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–15.4 |
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Net income |
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312 |
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302 |
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–3.2 |
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459 |
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1,616 |
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>200 |
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Operating cash flows |
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635 |
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648 |
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+2.0 |
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1,234 |
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2,193 |
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+77.7 |
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Cash outflows for additions to property, plant, equipment and intangible assets |
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241 |
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292 |
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+21.2 |
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704 |
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764 |
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+8.5 |
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Free operating cash flow |
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394 |
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356 |
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–9.6 |
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530 |
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1,429 |
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>100 |
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Net financial debt2 |
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356 |
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1,405 |
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>200 |
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ROCE |
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+7.0% |
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+19.5% |
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