Covestro Group Consolidated
Income Statement

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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