Covestro Group Consolidated Income Statement

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3rd quarter 20171

  

3rd quarter 2018

  

1st nine months 20171

  

1st nine months 2018

 

  

€ million

  

€ million

  

€ million

  

€ million

1 Reference information has not been adjusted, see Changes in Accounting as a Result of the Initial Application of IFRS 9 and IFRS 15.

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

3 The weighted average number of outstanding no-par voting shares of Covestro AG amounted to 195,524,586 in the first nine months of 2018 (previous year: 202,500,000) and 191,152,569 in the third quarter of 2018 (previous year: 202,500,000).

Sales

  

3,532

  

3,702

  

10,616

  

11,344

Cost of goods sold

  

(2,298)

  

(2,499)

  

(7,044)

  

(7,327)

Gross profit

  

1,234

  

1,203

  

3,572

  

4,017

Selling expenses

  

(327)

  

(346)

  

(1,017)

  

(1,054)

Research and development expenses

  

(68)

  

(65)

  

(200)

  

(201)

General administration expenses

  

(120)

  

(126)

  

(347)

  

(373)

Other operating income

  

6

  

62

  

117

  

85

Other operating expenses

  

(20)

  

(21)

  

(45)

  

(34)

EBIT2

  

705

  

707

  

2,080

  

2,440

Equity-method loss

  

(6)

  

(6)

  

(18)

  

(16)

Result from other affiliated companies

  

–

  

1

  

–

  

1

Interest income

  

5

  

8

  

16

  

20

Interest expense

  

(27)

  

(20)

  

(98)

  

(61)

Other financial result

  

(7)

  

(8)

  

(23)

  

(24)

Financial result

  

(35)

  

(25)

  

(123)

  

(80)

 

  

 

  

 

  

 

  

 

Income before income taxes

  

670

  

682

  

1,957

  

2,360

Income taxes

  

(177)

  

(185)

  

(509)

  

(611)

Income after income taxes

  

493

  

497

  

1,448

  

1,749

of which attributable to noncontrolling interest

  

2

  

1

  

5

  

5

of which attributable to Covestro AG stockholders (net income)

  

491

  

496

  

1,443

  

1,744

 

  

 

  

 

  

 

  

 

 

  

€

  

€

  

€

  

€

Basic earnings per share3

  

2.43

  

2.59

  

7.13

  

8.92

 

  

 

  

 

  

 

  

 

Diluted earnings per share3

  

2.43

  

2.59

  

7.13

  

8.92