6. Earnings per Share
Earnings per share are calculated according to IAS 33 (Earnings per Share) as the relationship of the Group’s income after income taxes (net income) for the income period to the weighted average number of outstanding no-par voting shares of Covestro AG. Since March 12, 2022, Covestro AG has purchased treasury shares under a share buyback program. In the first half of 2023, a weighted average number of outstanding no-par voting shares of 189,792,703 was used to calculate earnings per share, while in the first half of 2022, these shares amounted to 192,101,348. There were no dilution effects to consider.
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|
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|
|
|
1st half 2022 |
|
1st half 2023 |
|---|---|---|---|---|
|
|
€ million |
|
€ million |
Income after income taxes |
|
615 |
|
18 |
of which attributable to noncontrolling interest |
|
– |
|
(2) |
of which attributable to Covestro AG shareholders (net income) |
|
615 |
|
20 |
|
|
|
|
|
|
|
Shares |
|
Shares |
Weighted average number of no-par voting shares of Covestro AG |
|
192,101,348 |
|
189,792,703 |
|
|
|
|
|
|
|
€ |
|
€ |
Basic earnings per share |
|
3.20 |
|
0.11 |
Diluted earnings per share |
|
3.20 |
|
0.11 |