Segment and Quarterly Overview
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Performance Materials |
|
Solutions & Specialties |
|
Others/ |
|
Covestro Group |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
4th quarter 2022 |
|
4th quarter 2023 |
|
4th quarter 2022 |
|
4th quarter 2023 |
|
4th quarter 2022 |
|
4th quarter 2023 |
|
4th quarter 2022 |
|
4th quarter 2023 |
||||||
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
||||||
Sales (external) |
|
1,916 |
|
1,588 |
|
1,975 |
|
1,703 |
|
73 |
|
55 |
|
3,964 |
|
3,346 |
||||||
Intersegment sales |
|
644 |
|
488 |
|
7 |
|
6 |
|
(651) |
|
(494) |
|
– |
|
– |
||||||
Sales (total) |
|
2,560 |
|
2,076 |
|
1,982 |
|
1,709 |
|
(578) |
|
(439) |
|
3,964 |
|
3,346 |
||||||
Change in sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Volume |
|
–17.5% |
|
7.7% |
|
–8.9% |
|
–0.3% |
|
- |
|
- |
|
–13.2% |
|
3.1% |
||||||
Price |
|
–1.3% |
|
–22.0% |
|
3.3% |
|
–10.2% |
|
- |
|
- |
|
0.8% |
|
–15.7% |
||||||
Currency |
|
3.6% |
|
–2.8% |
|
4.1% |
|
–3.3% |
|
- |
|
- |
|
3.8% |
|
–3.0% |
||||||
Portfolio |
|
0.0% |
|
0.0% |
|
0.0% |
|
0.0% |
|
- |
|
- |
|
0.0% |
|
0.0% |
||||||
Sales by region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
EMLA |
|
785 |
|
674 |
|
676 |
|
586 |
|
57 |
|
47 |
|
1,518 |
|
1,307 |
||||||
NA |
|
516 |
|
414 |
|
533 |
|
427 |
|
13 |
|
5 |
|
1,062 |
|
846 |
||||||
APAC |
|
615 |
|
500 |
|
766 |
|
690 |
|
3 |
|
3 |
|
1,384 |
|
1,193 |
||||||
EBITDA1 |
|
(89) |
|
16 |
|
108 |
|
185 |
|
(57) |
|
(69) |
|
(38) |
|
132 |
||||||
EBIT1 |
|
(600) |
|
(126) |
|
(37) |
|
107 |
|
(58) |
|
(71) |
|
(695) |
|
(90) |
||||||
Depreciation, amortization, impairment losses and impairment loss reversals |
|
511 |
|
142 |
|
145 |
|
78 |
|
1 |
|
2 |
|
657 |
|
222 |
||||||
Cash flows from operating activities |
|
563 |
|
169 |
|
514 |
|
374 |
|
(238) |
|
(166) |
|
839 |
|
377 |
||||||
Cash outflows for additions to property, plant, equipment and intangible assets |
|
187 |
|
190 |
|
99 |
|
110 |
|
3 |
|
4 |
|
289 |
|
304 |
||||||
Free operating cash flow |
|
376 |
|
(21) |
|
415 |
|
264 |
|
(241) |
|
(170) |
|
550 |
|
73 |
||||||
Trade working capital2 |
|
1,135 |
|
975 |
|
1,592 |
|
1,437 |
|
(21) |
|
(26) |
|
2,706 |
|
2,386 |
||||||
|
||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
|
Performance Materials |
|
Solutions & Specialties |
|
Others/ |
|
Covestro Group |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
2022 |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
|
2023 |
||||||
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
||||||
Sales (external) |
|
9,095 |
|
6,876 |
|
8,558 |
|
7,267 |
|
315 |
|
234 |
|
17,968 |
|
14,377 |
||||||
Intersegment sales |
|
2,967 |
|
2,194 |
|
35 |
|
27 |
|
(3,002) |
|
(2,221) |
|
– |
|
– |
||||||
Sales (total) |
|
12,062 |
|
9,070 |
|
8,593 |
|
7,294 |
|
(2,687) |
|
(1,987) |
|
17,968 |
|
14,377 |
||||||
Change in sales |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Volume |
|
–5.0% |
|
–6.7% |
|
–6.3% |
|
–6.2% |
|
- |
|
- |
|
–5.0% |
|
–6.8% |
||||||
Price |
|
10.9% |
|
–15.7% |
|
9.4% |
|
–6.4% |
|
- |
|
- |
|
10.1% |
|
–11.0% |
||||||
Currency |
|
5.8% |
|
–2.0% |
|
6.0% |
|
–2.5% |
|
- |
|
- |
|
5.9% |
|
–2.2% |
||||||
Portfolio |
|
0.0% |
|
0.0% |
|
4.2% |
|
0.0% |
|
- |
|
- |
|
2.0% |
|
0.0% |
||||||
Sales by region |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
EMLA |
|
4,152 |
|
3,021 |
|
3,198 |
|
2,730 |
|
250 |
|
190 |
|
7,600 |
|
5,941 |
||||||
NA |
|
2,447 |
|
1,844 |
|
2,140 |
|
1,860 |
|
52 |
|
31 |
|
4,639 |
|
3,735 |
||||||
APAC |
|
2,496 |
|
2,011 |
|
3,220 |
|
2,677 |
|
13 |
|
13 |
|
5,729 |
|
4,701 |
||||||
EBITDA1 |
|
951 |
|
576 |
|
825 |
|
817 |
|
(159) |
|
(313) |
|
1,617 |
|
1,080 |
||||||
EBIT1 |
|
(28) |
|
9 |
|
461 |
|
497 |
|
(166) |
|
(320) |
|
267 |
|
186 |
||||||
Depreciation, amortization, impairment losses and impairment loss reversals |
|
979 |
|
567 |
|
364 |
|
320 |
|
7 |
|
7 |
|
1,350 |
|
894 |
||||||
Cash flows from operating activities |
|
1,091 |
|
652 |
|
472 |
|
821 |
|
(593) |
|
(476) |
|
970 |
|
997 |
||||||
Cash outflows for additions to property, plant, equipment and intangible assets |
|
547 |
|
490 |
|
277 |
|
270 |
|
8 |
|
5 |
|
832 |
|
765 |
||||||
Free operating cash flow |
|
544 |
|
162 |
|
195 |
|
551 |
|
(601) |
|
(481) |
|
138 |
|
232 |
||||||
Trade working capital2 |
|
1,135 |
|
975 |
|
1,592 |
|
1,437 |
|
(21) |
|
(26) |
|
2,706 |
|
2,386 |
||||||
|
||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
1st quarter 2022 |
|
2nd quarter 2022 |
|
3rd quarter 2022 |
|
4th quarter 2022 |
|
1st quarter 2023 |
|
2nd quarter 2023 |
|
3rd quarter 2023 |
|
4th quarter 2023 |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
|
€ million |
||||
Sales (external) |
|
4,683 |
|
4,703 |
|
4,618 |
|
3,964 |
|
3,743 |
|
3,720 |
|
3,568 |
|
3,346 |
||||
Performance Materials |
|
2,388 |
|
2,461 |
|
2,330 |
|
1,916 |
|
1,792 |
|
1,789 |
|
1,707 |
|
1,588 |
||||
Solutions & Specialties |
|
2,222 |
|
2,165 |
|
2,196 |
|
1,975 |
|
1,883 |
|
1,872 |
|
1,809 |
|
1,703 |
||||
EBITDA |
|
806 |
|
547 |
|
302 |
|
(38) |
|
286 |
|
385 |
|
277 |
|
132 |
||||
Performance Materials1 |
|
620 |
|
367 |
|
53 |
|
(89) |
|
173 |
|
302 |
|
85 |
|
16 |
||||
Solutions & Specialties1 |
|
224 |
|
213 |
|
280 |
|
108 |
|
165 |
|
221 |
|
246 |
|
185 |
||||
EBIT |
|
589 |
|
307 |
|
66 |
|
(695) |
|
39 |
|
166 |
|
71 |
|
(90) |
||||
Performance Materials1 |
|
475 |
|
204 |
|
(107) |
|
(600) |
|
29 |
|
158 |
|
(52) |
|
(126) |
||||
Solutions & Specialties1 |
|
152 |
|
139 |
|
207 |
|
(37) |
|
63 |
|
149 |
|
178 |
|
107 |
||||
Financial result |
|
(28) |
|
(44) |
|
(40) |
|
(25) |
|
(29) |
|
(36) |
|
(35) |
|
(13) |
||||
Income before income taxes |
|
561 |
|
263 |
|
26 |
|
(720) |
|
10 |
|
130 |
|
36 |
|
(103) |
||||
Income after income taxes |
|
417 |
|
198 |
|
11 |
|
(907) |
|
(27) |
|
45 |
|
(31) |
|
(189) |
||||
Net income |
|
416 |
|
199 |
|
12 |
|
(899) |
|
(26) |
|
46 |
|
(31) |
|
(187) |
||||
Cash flows from operating activities |
|
157 |
|
(272) |
|
246 |
|
839 |
|
(19) |
|
149 |
|
490 |
|
377 |
||||
Cash outflows for additions to property, plant, equipment and intangible assets |
|
140 |
|
190 |
|
213 |
|
289 |
|
120 |
|
159 |
|
182 |
|
304 |
||||
Free operating cash flow |
|
17 |
|
(462) |
|
33 |
|
550 |
|
(139) |
|
(10) |
|
308 |
|
73 |
||||
|
||||||||||||||||||||