Covestro Group Key Data

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2nd quarter
2021

 

2nd quarter
2022

 

Change

 

1st half
2021

 

1st half
2022

 

Change

 

 

€ million

 

€ million

 

%

 

€ million

 

€ million

 

%

Sales

 

3,956

 

4,703

 

18.9

 

7,263

 

9,386

 

29.2

Change in sales

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

29.0%

 

–2.1%

 

 

 

14.6%

 

0.5%

 

 

Price

 

45.9%

 

14.5%

 

 

 

31.4%

 

18.3%

 

 

Currency

 

–5.4%

 

6.5%

 

 

 

–5.0%

 

6.1%

 

 

Portfolio

 

14.0%

 

0.0%

 

 

 

6.1%

 

4.3%

 

 

EBITDA1

 

817

 

547

 

–33.0

 

1,560

 

1,353

 

–13.3

Changes in EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

245.6%

 

–5.8%

 

 

 

90.8%

 

–0.5%

 

 

Price

 

791.2%

 

70.3%

 

 

 

409.5%

 

85.3%

 

 

Raw material price

 

–320.8%

 

–96.5%

 

 

 

–106.6%

 

–103.1%

 

 

Currency

 

–16.0%

 

4.9%

 

 

 

–11.3%

 

5.8%

 

 

Other2

 

–146.4%

 

–5.9%

 

 

 

–70.7%

 

–0.8%

 

 

EBIT3

 

607

 

307

 

–49.4

 

1,163

 

896

 

–23.0

Financial result

 

(18)

 

(44)

 

144.4

 

(47)

 

(72)

 

53.2

Net income4

 

449

 

199

 

–55.7

 

842

 

615

 

–27.0

Earnings per share (€)5

 

2.32

 

1.04

 

–55.2

 

4.36

 

3.20

 

–26.6

Cash flows from operating activities6

 

553

 

(272)

 

.

 

981

 

(115)

 

.

Cash outflows for additions to property, plant, equipment and intangible assets

 

179

 

190

 

6.1

 

289

 

330

 

14.2

Free operating cash flow7

 

374

 

(462)

 

.

 

692

 

(445)

 

.

1

Earnings before interest, taxes, depreciation and amortization (EBITDA): EBIT plus depreciation, amortization, and impairment losses; less impairment loss reversals on intangible assets and property, plant and equipment.

2

Other changes in EBITDA such as changes in provisions for variable compensation.

3

Earnings before interest and taxes (EBIT): income after income taxes plus financial result and income taxes.

4

Net income: income after income taxes attributable to the shareholders of Covestro AG.

5

Earnings per share: according to IAS 33 (Earnings per Share), net income divided by the weighted average number of outstanding no-par value 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 no-par shares).

6

Cash flows from operating activities according to IAS 7 (Statement of Cash Flows).

7

Free operating cash flow (FOCF): cash flows from operating activities less cash outflows for additions to property, plant, equipment and intangible assets.