Annual Report 2022

Pink patterns (graphic)

Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

 

 

Note

 

2021

 

2022

 

 

 

 

€ million

 

€ million

Sales

 

6

 

15,903

 

17,968

Cost of goods sold

 

 

 

(11,475)

 

(15,404)

Gross profit

 

 

 

4,428

 

2,564

Selling expenses

 

 

 

(1,428)

 

(1,604)

Research and development expenses

 

 

 

(341)

 

(361)

General administration expenses

 

 

 

(415)

 

(353)

Other operating income

 

7

 

99

 

145

Other operating expenses

 

8

 

(81)

 

(124)

EBIT1

 

 

 

2,262

 

267

Equity-method loss

 

 

 

(15)

 

(17)

Result from other affiliated companies

 

 

 

2

 

2

Interest income

 

 

 

38

 

69

Interest expense

 

 

 

(79)

 

(130)

Other financial result

 

 

 

(23)

 

(61)

Financial result

 

10

 

(77)

 

(137)

 

 

 

 

 

 

 

Income before income taxes

 

 

 

2,185

 

130

Income taxes

 

11

 

(566)

 

(411)

Income after income taxes

 

 

 

1,619

 

(281)

Attributable to noncontrolling interest

 

 

 

3

 

(9)

Attributable to Covestro AG shareholders (net income)

 

 

 

1,616

 

(272)

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share2

 

12

 

8.37

 

(1.42)

 

 

 

 

 

 

 

Diluted earnings per share2

 

12

 

8.37

 

(1.42)

1

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

2

Earnings per share: According to IAS 33 (Earnings per Share), earnings per share comprise net income divided by the weighted average number of outstanding no-par voting shares of Covestro AG. The calculation for fiscal 2022 was based on 190,933,438 no-par value shares (previous year: 193,165,396). For more information, see note 12 “Earnings per Share.”

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