Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

 

 

 

 

2nd quarter
2021

 

2nd quarter
2022

 

1st half
2021

 

1st half
2022

 

 

€ million

 

€ million

 

€ million

 

€ million

Sales

 

3,956

 

4,703

 

7,263

 

9,386

Cost of goods sold

 

(2,813)

 

(3,783)

 

(5,074)

 

(7,280)

Gross profit

 

1,143

 

920

 

2,189

 

2,106

Selling expenses

 

(357)

 

(409)

 

(670)

 

(797)

Research and development expenses

 

(87)

 

(96)

 

(160)

 

(190)

General administration expenses

 

(105)

 

(96)

 

(203)

 

(189)

Other operating income

 

40

 

16

 

52

 

34

Other operating expenses

 

(27)

 

(28)

 

(45)

 

(68)

EBIT1

 

607

 

307

 

1,163

 

896

Equity-method loss

 

(4)

 

(6)

 

(7)

 

(10)

Result from other affiliated companies

 

 

 

1

 

Interest income

 

9

 

22

 

15

 

37

Interest expense

 

(22)

 

(34)

 

(41)

 

(57)

Other financial result

 

(1)

 

(26)

 

(15)

 

(42)

Financial result

 

(18)

 

(44)

 

(47)

 

(72)

 

 

 

 

 

 

 

 

 

Income before income taxes

 

589

 

263

 

1,116

 

824

Income taxes

 

(139)

 

(65)

 

(271)

 

(209)

Income after income taxes

 

450

 

198

 

845

 

615

of which attributable to noncontrolling interest

 

1

 

(1)

 

3

 

of which attributable to Covestro AG shareholders (net income)

 

449

 

199

 

842

 

615

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share2

 

2.32

 

1.04

 

4.36

 

3.20

 

 

 

 

 

 

 

 

 

Diluted earnings per share2

 

2.32

 

1.04

 

4.36

 

3.20

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 191,070, 836 no-par shares for the second quarter of 2022 (previous year: 193,160,544 no-par shares) and on 192,101,348 no-par shares for the first half of 2022 (previous year: 193,160,544).