Segment Information

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Segment Reporting First Quarter

 

  

 

  

 

  

 

  

 

  

 

  

 

 

  

 

  

Other /Consolidation

  

 

 

  

Polyurethanes

  

Polycarbonates

  

Coatings, Adhesives, Specialties

  

All other segments

  

Corporate Center and reconciliation

  

Covestro Group

 

  

€ million

  

€ million

  

€ million

  

€ million

  

€ million

  

€ million

1

Reference values calculated on the basis of the definition of the core business effective March 31, 2019

2

Working capital comprises inventories plus trade accounts receivable, less trade accounts payable, as of March 31, 2019.

3

Reference information was not restated; see “Changes in Accounting as a Result of the Initial Application of IFRS 16.”

1st quarter 2019

  

 

  

 

  

 

  

 

  

 

  

 

Sales

  

1,476

  

860

  

627

  

212

  

–

  

3,175

Change in sales

  

 

  

 

  

 

  

 

  

 

  

 

Volume

  

+3.0%

  

–2.9%

  

+1.1%

  

–0.1%

  

–

  

+0.9%

Price

  

–29.4%

  

–12.8%

  

+1.7%

  

+2.2%

  

–

  

–18.3%

Currency

  

+2.1%

  

+2.6%

  

+3.1%

  

+1.8%

  

–

  

+2.4%

Portfolio

  

0.0%

  

–3.6%

  

0.0%

  

0.0%

  

–

  

–1.0%

Core volume growth1

  

–0.2%

  

–6.3%

  

–0.1%

  

–

  

–

  

–1.8%

Sales by region

  

 

  

 

  

 

  

 

  

 

  

 

EMLA

  

669

  

289

  

294

  

162

  

–

  

1,414

NAFTA

  

411

  

188

  

144

  

45

  

–

  

788

APAC

  

396

  

383

  

189

  

5

  

–

  

973

EBITDA

  

157

  

155

  

146

  

2

  

(18)

  

442

EBIT

  

57

  

105

  

118

  

2

  

(18)

  

264

Depreciation, amortization, impairment losses and impairment loss reversals

  

100

  

50

  

28

  

–

  

–

  

178

Operating cash flows

  

4

  

138

  

12

  

(23)

  

(11)

  

120

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

  

102

  

39

  

24

  

–

  

–

  

165

Free operating cash flow

  

(98)

  

99

  

(12)

  

(23)

  

(11)

  

(45)

Working capital2

  

1,172

  

785

  

610

  

94

  

(5)

  

2,656

 

  

 

  

 

  

 

  

 

  

 

  

 

1st quarter 20183

  

 

  

 

  

 

  

 

  

 

  

 

Sales

  

1,950

  

1,033

  

592

  

204

  

–

  

3,779

Change in sales

  

 

  

 

  

 

  

 

  

 

  

 

Volume

  

–2.8%

  

+0.2%

  

–2.2%

  

+0.4%

  

–

  

–1.7%

Price

  

+17.3%

  

+16.3%

  

+1.0%

  

+20.5%

  

–

  

+14.3%

Currency

  

–7.4%

  

–8.2%

  

–5.9%

  

–3.7%

  

–

  

–7.2%

Portfolio

  

0.0%

  

0.0%

  

0.0%

  

0.0%

  

–

  

0.0%

Core volume growth1

  

–1.0%

  

+2.7%

  

–1.3%

  

–

  

–

  

–

Sales by region

  

 

  

 

  

 

  

 

  

 

  

 

EMLA

  

860

  

362

  

298

  

159

  

–

  

1,679

NAFTA

  

475

  

203

  

122

  

40

  

–

  

840

APAC

  

615

  

468

  

172

  

5

  

–

  

1,260

EBITDA

  

637

  

303

  

136

  

7

  

(20)

  

1,063

EBIT

  

547

  

260

  

113

  

7

  

(20)

  

907

Depreciation, amortization, impairment losses and impairment loss reversals

  

90

  

43

  

23

  

–

  

–

  

156

Operating cash flows

  

176

  

79

  

17

  

187

  

(7)

  

452

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

  

46

  

23

  

19

  

–

  

–

  

88

Free operating cash flow

  

130

  

56

  

(2)

  

187

  

(7)

  

364

Working capital2

  

1,291

  

773

  

536

  

79

  

(2)

  

2,677