Covestro Group Consolidated Income Statement

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2nd quarter 20181

  

2nd quarter 2019

  

1st half 20181

  

1st half 2019

 

  

€ million

  

€ million

  

€ million

  

€ million

1

Reference information was not restated, see Note 2.1 “Financial Reporting Standards Applied for the First Time in the Reporting Period.”

2

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

3

The weighted average number of no-par voting shares of Covestro AG in issue amounted to 182,704,602 in both the second quarter of 2019 (previous year: 196,605,012) and the first half of 2019 (previous year: 197,746,827).

Net sales

  

3,863

  

3,211

  

7,642

  

6,386

Cost of goods sold

  

(2,480)

  

(2,449)

  

(4,828)

  

(4,856)

Gross profit

  

1,383

  

762

  

2,814

  

1,530

Selling expenses

  

(364)

  

(346)

  

(708)

  

(690)

Research and development expenses

  

(68)

  

(68)

  

(136)

  

(136)

General administration expenses

  

(132)

  

(97)

  

(247)

  

(193)

Other operating income

  

11

  

31

  

23

  

53

Other operating expenses

  

(4)

  

(8)

  

(13)

  

(26)

EBIT2

  

826

  

274

  

1,733

  

538

Equity-method loss

  

(6)

  

(8)

  

(10)

  

(14)

Result from other affiliated companies

  

–

  

–

  

–

  

1

Interest income

  

7

  

9

  

12

  

19

Interest expense

  

(21)

  

(22)

  

(41)

  

(45)

Other financial result

  

(7)

  

(2)

  

(16)

  

(7)

Financial result

  

(27)

  

(23)

  

(55)

  

(46)

 

  

 

  

 

  

 

  

 

Income before income taxes

  

799

  

251

  

1,678

  

492

Income taxes

  

(193)

  

(61)

  

(426)

  

(122)

Income after income taxes

  

606

  

190

  

1,252

  

370

of which attributable to noncontrolling interest

  

2

  

1

  

4

  

2

of which attributable to Covestro AG stockholders (net income)

  

604

  

189

  

1,248

  

368

 

  

 

  

 

  

 

  

 

 

  

€

  

€

  

€

  

€

Basic earnings per share3

  

3.07

  

1.03

  

6.31

  

2.01

 

  

 

  

 

  

 

  

 

Diluted earnings per share3

  

3.07

  

1.03

  

6.31

  

2.01