Segment and Quarterly Overview
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
Polyurethanes |
Polycarbonates |
Coatings, Adhesives, Specialties |
Others/consolidation |
Covestro Group |
||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
2nd quarter |
2nd quarter |
2nd quarter |
2nd quarter |
2nd quarter |
2nd quarter |
2nd quarter |
2nd quarter |
2nd quarter |
2nd quarter |
|||||||||||||||
|
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
|||||||||||||||
|
|||||||||||||||||||||||||
Sales |
1,966 |
1,489 |
1,056 |
898 |
629 |
621 |
212 |
203 |
3,863 |
3,211 |
|||||||||||||||
Change in sales |
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Volume |
+3.3% |
+0.8% |
+5.6% |
+5.7% |
+6.3% |
–4.5% |
+12.7% |
–7.2% |
+4.9% |
+0.8% |
|||||||||||||||
Price |
+9.2% |
–26.8% |
+15.2% |
–18.8% |
+1.7% |
–0.4% |
+18.6% |
+1.6% |
+9.9% |
–18.7% |
|||||||||||||||
Currency |
–4.4% |
+1.7% |
–4.9% |
+1.7% |
–3.9% |
+2.2% |
–2.8% |
+1.4% |
–4.4% |
+1.8% |
|||||||||||||||
Portfolio |
0.0% |
0.0% |
0.0% |
–3.6% |
0.0% |
+1.4% |
0.0% |
0.0% |
0.0% |
–0.8% |
|||||||||||||||
Core volume growth2 |
+3.9% |
+0.7% |
+5.3% |
+4.4% |
+5.4% |
–4.7% |
|
|
+4.4% |
+1.1% |
|||||||||||||||
Sales by region |
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
EMLA |
871 |
643 |
353 |
306 |
299 |
277 |
154 |
153 |
1,677 |
1,379 |
|||||||||||||||
NAFTA |
486 |
444 |
209 |
190 |
137 |
144 |
53 |
44 |
885 |
822 |
|||||||||||||||
APAC |
609 |
402 |
494 |
402 |
193 |
200 |
5 |
6 |
1,301 |
1,010 |
|||||||||||||||
EBITDA |
583 |
172 |
285 |
154 |
139 |
150 |
(22) |
(17) |
985 |
459 |
|||||||||||||||
EBIT |
492 |
72 |
241 |
99 |
116 |
120 |
(23) |
(17) |
826 |
274 |
|||||||||||||||
Depreciation, amortization, impairment losses and impairment loss reversals |
91 |
100 |
44 |
55 |
23 |
30 |
1 |
– |
159 |
185 |
|||||||||||||||
Operating cash flows |
364 |
116 |
155 |
93 |
66 |
38 |
(68) |
(83) |
517 |
164 |
|||||||||||||||
Cash outflows for additions to property, plant, equipment and intangible assets |
84 |
138 |
44 |
42 |
25 |
40 |
– |
(1) |
153 |
219 |
|||||||||||||||
Free operating cash flow |
280 |
(22) |
111 |
51 |
41 |
(2) |
(68) |
(82) |
364 |
(55) |
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
|
Polyurethanes |
Polycarbonates |
Coatings, Adhesives, Specialties |
Others/consolidation |
Covestro Group |
||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
1st half 2018 |
1st half 2019 |
1st half 2018 |
1st half 2019 |
1st half 2018 |
1st half 2019 |
1st half 2018 |
1st half 2019 |
1st half 2018 |
1st half 2019 |
|||||||||||||||
|
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
|||||||||||||||
|
|||||||||||||||||||||||||
Sales |
3,916 |
2,965 |
2,089 |
1,758 |
1,221 |
1,248 |
416 |
415 |
7,642 |
6,386 |
|||||||||||||||
Change in sales |
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Volume |
+0.3% |
+1.9% |
+2.8% |
+1.5% |
+2.0% |
–1.7% |
+6.4% |
–3.7% |
+1.6% |
+0.9% |
|||||||||||||||
Price |
+13.2% |
–28.1% |
+15.8% |
–15.8% |
+1.3% |
+0.6% |
+19.6% |
+1.9% |
+12.1% |
–18.5% |
|||||||||||||||
Currency |
–5.9% |
+1.9% |
–6.6% |
+2.1% |
–4.9% |
+2.6% |
–3.3% |
+1.6% |
–5.8% |
+2.1% |
|||||||||||||||
Portfolio |
0.0% |
0.0% |
0.0% |
–3.6% |
0.0% |
+0.7% |
0.0% |
0.0% |
0.0% |
–0.9% |
|||||||||||||||
Core volume growth2 |
+1.4% |
+0.3% |
+4.0% |
–1.0% |
+2.0% |
–2.4% |
|
|
+2.2% |
–0.4% |
|||||||||||||||
Sales by region |
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
EMLA |
1,731 |
1,312 |
715 |
595 |
597 |
571 |
313 |
315 |
3,356 |
2,793 |
|||||||||||||||
NAFTA |
961 |
855 |
412 |
378 |
259 |
288 |
93 |
89 |
1,725 |
1,610 |
|||||||||||||||
APAC |
1,224 |
798 |
962 |
785 |
365 |
389 |
10 |
11 |
2,561 |
1,983 |
|||||||||||||||
EBITDA |
1,220 |
329 |
588 |
309 |
275 |
296 |
(35) |
(33) |
2,048 |
901 |
|||||||||||||||
EBIT |
1,039 |
129 |
501 |
204 |
229 |
238 |
(36) |
(33) |
1,733 |
538 |
|||||||||||||||
Depreciation, amortization, impairment losses and impairment loss reversals |
181 |
200 |
87 |
105 |
46 |
58 |
1 |
– |
315 |
363 |
|||||||||||||||
Operating cash flows |
540 |
120 |
234 |
231 |
83 |
50 |
112 |
(117) |
969 |
284 |
|||||||||||||||
Cash outflows for additions to property, plant, equipment and intangible assets |
130 |
240 |
67 |
81 |
44 |
64 |
– |
(1) |
241 |
384 |
|||||||||||||||
Free operating cash flow |
410 |
(120) |
167 |
150 |
39 |
(14) |
112 |
(116) |
728 |
(100) |
|||||||||||||||
|
|
|
|
|
|
|
|||||||||||
|
1st quarter 2018 |
2nd quarter 2018 |
3rd quarter 2018 |
4th quarter 2018 |
1st quarter 2019 |
2nd quarter 2019 |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
€ million |
€ million |
€ million |
€ million |
€ million |
€ million |
|||||||||||
|
|||||||||||||||||
Sales |
3,779 |
3,863 |
3,702 |
3,272 |
3,175 |
3,211 |
|||||||||||
Polyurethanes |
1,950 |
1,966 |
1,849 |
1,597 |
1,476 |
1,489 |
|||||||||||
Polycarbonates |
1,033 |
1,056 |
1,038 |
924 |
860 |
898 |
|||||||||||
Coatings, Adhesives, Specialties |
592 |
629 |
606 |
534 |
627 |
621 |
|||||||||||
Core volume growth2 |
0.0% |
+4.4% |
+0.2% |
+1.7% |
–1.8% |
+1.1% |
|||||||||||
EBITDA |
1,063 |
985 |
859 |
293 |
442 |
459 |
|||||||||||
Polyurethanes |
637 |
583 |
432 |
111 |
157 |
172 |
|||||||||||
Polycarbonates |
303 |
285 |
315 |
133 |
155 |
154 |
|||||||||||
Coatings, Adhesives, Specialties |
136 |
139 |
126 |
63 |
146 |
150 |
|||||||||||
EBIT |
907 |
826 |
707 |
140 |
264 |
274 |
|||||||||||
Polyurethanes |
547 |
492 |
346 |
27 |
57 |
72 |
|||||||||||
Polycarbonates |
260 |
241 |
272 |
88 |
105 |
99 |
|||||||||||
Coatings, Adhesives, Specialties |
113 |
116 |
103 |
39 |
118 |
120 |
|||||||||||
Financial result |
(28) |
(27) |
(25) |
(24) |
(23) |
(23) |
|||||||||||
Income before income taxes |
879 |
799 |
682 |
116 |
241 |
251 |
|||||||||||
Income after taxes |
646 |
606 |
497 |
80 |
180 |
190 |
|||||||||||
Net income |
644 |
604 |
496 |
79 |
179 |
189 |
|||||||||||
Operating cash flows |
452 |
517 |
766 |
641 |
120 |
164 |
|||||||||||
Cash outflows for additions to property, plant, equipment and intangible assets |
88 |
153 |
188 |
278 |
165 |
219 |
|||||||||||
Free operating cash flow |
364 |
364 |
578 |
363 |
(45) |
(55) |
|||||||||||