Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

 

 

 

 

2nd quarter 2020

 

2nd quarter 2021

 

1st half
2020

 

1st half
2021

 

 

€ million

 

€ million

 

€ million

 

€ million

Sales

 

2,156

 

3,956

 

4,939

 

7,263

Cost of goods sold

 

(1,817)

 

(2,813)

 

(4,049)

 

(5,074)

Gross profit

 

339

 

1,143

 

890

 

2,189

Selling expenses

 

(268)

 

(357)

 

(589)

 

(670)

Research and development expenses

 

(59)

 

(87)

 

(124)

 

(160)

General administration expenses

 

(68)

 

(105)

 

(160)

 

(203)

Other operating income

 

8

 

40

 

17

 

52

Other operating expenses

 

(20)

 

(27)

 

(35)

 

(45)

EBIT1

 

(68)

 

607

 

(1)

 

1,163

Equity-method loss

 

(4)

 

(4)

 

(8)

 

(7)

Result from other affiliated companies

 

 

 

 

1

Interest income

 

7

 

9

 

15

 

15

Interest expense

 

(18)

 

(22)

 

(37)

 

(41)

Other financial result

 

(2)

 

(1)

 

(26)

 

(15)

Financial result

 

(17)

 

(18)

 

(56)

 

(47)

 

 

 

 

 

 

 

 

 

Income before income taxes

 

(85)

 

589

 

(57)

 

1,116

Income taxes

 

32

 

(139)

 

25

 

(271)

Income after income taxes

 

(53)

 

450

 

(32)

 

845

of which attributable to noncontrolling interest

 

(1)

 

1

 

 

3

of which attributable to Covestro AG shareholders (net income)

 

(52)

 

449

 

(32)

 

842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share2

 

(0.28)

 

2.32

 

(0.17)

 

4.36

 

 

 

 

 

 

 

 

 

Diluted earnings per share2

 

(0.28)

 

2.32

 

(0.17)

 

4.36

1

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

2

Earnings per share: According to IAS 33 (Earnings per Share) corresponds to net income divided by the weighted average number of outstanding no-par voting shares of Covestro AG. The calculation was based on 193,160,544 no-par shares for the second quarter of 2021 (previous year: 182,864,685 no-par shares) and on 193,160,544 no-par shares for the first half of 2021 (previous year: 182,864,685).