Covestro Group Consolidated
Income Statement

 

 

 

 

 

 

 

1st quarter 2019

 

1st quarter 2020

 

 

€ million

 

€ million

1

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

2

Earnings per share: According to IAS 33, earnings per share comprise net income divided by the weighted average number of outstanding no-par voting shares of Covestro AG. The calculation was based on 182,864,685 no-par shares for the first quarter of 2020 and on 182,704,602 no-par shares for the first quarter of 2019.

Sales

 

3,175

 

2,783

Cost of goods sold

 

(2,407)

 

(2,232)

Gross profit

 

768

 

551

Selling expenses

 

(344)

 

(321)

Research and development expenses

 

(68)

 

(65)

General administration expenses

 

(96)

 

(92)

Other operating income

 

22

 

9

Other operating expenses

 

(18)

 

(15)

EBIT1

 

264

 

67

Equity-method loss

 

(6)

 

(4)

Result from other affiliated companies

 

1

 

Interest income

 

10

 

8

Interest expense

 

(23)

 

(19)

Other financial result

 

(5)

 

(24)

Financial result

 

(23)

 

(39)

 

 

 

 

 

Income before income taxes

 

241

 

28

Income taxes

 

(61)

 

(7)

Income after income taxes

 

180

 

21

of which attributable to noncontrolling interest

 

1

 

1

of which attributable to Covestro AG stockholders (net income)

 

179

 

20

 

 

 

 

 

 

 

 

Basic earnings per share2

 

0.98

 

0.11

 

 

 

 

 

Diluted earnings per share2

 

0.98

 

0.11