Segment Information

(XLS:) Download

Segment Reporting 3rd Quarter

 

  

 

  

 

  

 

  

 

  

 

  

 

 

  

 

  

Other /Consolidation

  

 

 

  

Polyure- thanes1

  

Polycar- bonates

  

Coatings, Adhesives, Specialties1

  

All other segments

  

Corporate Center and recon- ciliation

  

Covestro Group

 

  

€ million

  

€ million

  

€ million

  

€ million

  

€ million

  

€ million

1 All prior-year figures have been adjusted to reflect the transfer of the specialty elastomers business from the Polyurethanes segment to the Coatings, Adhesives, Specialties segment as of January 1, 2018.

2 Reference values calculated based on the definition of the core business effective March 31, 2018

3 Working capital comprises inventories plus trade accounts receivable, less trade accounts payable, as of September 30, 2018.

3rd quarter 2018

  

 

  

 

  

 

  

 

  

 

  

 

Net sales

  

1,849

  

1,038

  

606

  

209

  

–

  

3,702

Change in sales

  

 

  

 

  

 

  

 

  

 

  

 

Volume

  

+0.1%

  

+5.1%

  

+9.7%

  

+2.5%

  

–

  

+3.0%

Price

  

–0.5%

  

+9.6%

  

–0.5%

  

+19.4%

  

–

  

+3.1%

Currency

  

–0.8%

  

–0.6%

  

–0.4%

  

+0.3%

  

–

  

–0.6%

Portfolio

  

0.0%

  

–2.8%

  

0.0%

  

0.0%

  

–

  

–0.7%

Core volume growth2

  

–2.0%

  

+2.6%

  

+7.2%

  

–

  

–

  

+0.2%

Sales by region

  

 

  

 

  

 

  

 

  

 

  

 

EMLA

  

773

  

331

  

280

  

157

  

–

  

1,541

NAFTA

  

512

  

205

  

131

  

48

  

–

  

896

APAC

  

564

  

502

  

195

  

4

  

–

  

1,265

EBITDA

  

432

  

315

  

126

  

6

  

(20)

  

859

EBIT

  

346

  

272

  

103

  

6

  

(20)

  

707

Depreciation, amortization, impairment losses and impairment loss reversals

  

86

  

43

  

23

  

–

  

–

  

152

Operating cash flows

  

453

  

185

  

119

  

32

  

(23)

  

766

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

  

113

  

49

  

26

  

(1)

  

1

  

188

Free operating cash flow

  

340

  

136

  

93

  

33

  

(24)

  

578

Working capital3

  

1,292

  

842

  

542

  

84

  

(21)

  

2,739

 

  

 

  

 

  

 

  

 

  

 

  

 

3rd quarter 2017

  

 

  

 

  

 

  

 

  

 

  

 

Net sales

  

1,871

  

933

  

557

  

171

  

–

  

3,532

Change in sales

  

 

  

 

  

 

  

 

  

 

  

 

Volume

  

+2.6%

  

+4.4%

  

–3.7%

  

+5.2%

  

–

  

+2.0%

Price

  

+31.0%

  

+9.4%

  

+3.2%

  

+5.6%

  

–

  

+18.4%

Currency

  

–3.8%

  

–3.8%

  

–2.8%

  

–1.2%

  

–

  

–3.5%

Portfolio

  

0.0%

  

0.0%

  

0.0%

  

0.0%

  

–

  

0.0%

Core volume growth2

  

+4.1%

  

+1.5%

  

–3.1%

  

–

  

–

  

+2.6%

Sales by region

  

 

  

 

  

 

  

 

  

 

  

 

EMLA

  

805

  

299

  

264

  

132

  

–

  

1,500

NAFTA

  

472

  

212

  

118

  

34

  

–

  

836

APAC

  

594

  

422

  

175

  

5

  

–

  

1,196

EBITDA

  

550

  

211

  

125

  

(1)

  

(23)

  

862

EBIT

  

460

  

167

  

103

  

(2)

  

(23)

  

705

Depreciation, amortization, impairment losses and impairment loss reversals

  

90

  

44

  

22

  

1

  

–

  

157

Operating cash flows

  

511

  

170

  

110

  

(1)

  

(15)

  

775

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

  

60

  

36

  

20

  

2

  

(1)

  

117

Free operating cash flow

  

451

  

134

  

90

  

(3)

  

(14)

  

658

Working capital3

  

1,145

  

677

  

513

  

70

  

(4)

  

2,401

(XLS:) Download

Segment Reporting 1st Nine Months

 

  

 

  

 

  

 

  

 

  

 

  

 

 

  

 

  

Other /Consolidation

  

 

 

  

Polyure- thanes1

  

Polycar- bonates

  

Coatings, Adhesives, Specialties1

  

All other segments

  

Corporate Center and recon- ciliation

  

Covestro Group

 

  

€ million

  

€ million

  

€ million

  

€ million

  

€ million

  

€ million

1 All prior-year figures have been adjusted to reflect the transfer of the specialty elastomers business from the Polyurethanes segment to the Coatings, Adhesives, Specialties segment as of January 1, 2018.

2 Reference values calculated based on the definition of the core business effective March 31, 2018

3 Working capital comprises inventories plus trade accounts receivable, less trade accounts payable, as of September 30, 2018.

1st nine months 2018

  

 

  

 

  

 

  

 

  

 

  

 

Net sales

  

5,765

  

3,127

  

1,827

  

625

  

–

  

11,344

Change in sales

  

 

  

 

  

 

  

 

  

 

  

 

Volume

  

+0.2%

  

+3.6%

  

+4.3%

  

+5.1%

  

–

  

+2.1%

Price

  

+8.6%

  

+13.7%

  

+0.8%

  

+19.5%

  

–

  

+9.1%

Currency

  

–4.2%

  

–4.6%

  

–3.5%

  

–2.1%

  

–

  

–4.1%

Portfolio

  

0.0%

  

–0.9%

  

0.0%

  

0.0%

  

–

  

–0.2%

Core volume growth2

  

+0.3%

  

+3.5%

  

+3.8%

  

–

  

–

  

+1.5%

Sales by region

  

 

  

 

  

 

  

 

  

 

  

 

EMLA

  

2,504

  

1,046

  

877

  

470

  

–

  

4,897

NAFTA

  

1,473

  

617

  

390

  

141

  

–

  

2,621

APAC

  

1,788

  

1,464

  

560

  

14

  

–

  

3,826

EBITDA

  

1,652

  

903

  

401

  

20

  

(69)

  

2,907

EBIT

  

1,385

  

773

  

332

  

19

  

(69)

  

2,440

Depreciation, amortization, impairment losses and impairment loss reversals

  

267

  

130

  

69

  

1

  

–

  

467

Operating cash flows

  

993

  

419

  

202

  

178

  

(57)

  

1,735

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

  

243

  

116

  

70

  

–

  

–

  

429

Free operating cash flow

  

750

  

303

  

132

  

178

  

(57)

  

1,306

Working capital3

  

1,292

  

842

  

542

  

84

  

(21)

  

2,739

 

  

 

  

 

  

 

  

 

  

 

  

 

1st nine months 2017

  

 

  

 

  

 

  

 

  

 

  

 

Net sales

  

5,510

  

2,798

  

1,798

  

510

  

–

  

10,616

Change in sales

  

 

  

 

  

 

  

 

  

 

  

 

Volume

  

+2.3%

  

+7.9%

  

+2.9%

  

+4.1%

  

–

  

+4.2%

Price

  

+28.9%

  

+6.2%

  

+0.8%

  

+3.0%

  

–

  

+15.7%

Currency

  

–0.4%

  

–0.6%

  

–0.1%

  

0.0%

  

–

  

–0.4%

Portfolio

  

0.0%

  

0.0%

  

0.0%

  

0.0%

  

–

  

0.0%

Core volume growth2

  

+2.4%

  

+5.4%

  

+2.3%

  

–

  

–

  

+3.2%

Sales by region

  

 

  

 

  

 

  

 

  

 

  

 

EMLA

  

2,360

  

926

  

844

  

392

  

–

  

4,522

NAFTA

  

1,426

  

668

  

399

  

104

  

–

  

2,597

APAC

  

1,724

  

1,204

  

555

  

14

  

–

  

3,497

EBITDA

  

1,567

  

640

  

406

  

8

  

(65)

  

2,556

EBIT

  

1,297

  

503

  

340

  

5

  

(65)

  

2,080

Depreciation, amortization, impairment losses and impairment loss reversals

  

270

  

137

  

66

  

3

  

–

  

476

Operating cash flows

  

757

  

231

  

194

  

352

  

(63)

  

1,471

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

  

150

  

81

  

50

  

2

  

–

  

283

Free operating cash flow

  

607

  

150

  

144

  

350

  

(63)

  

1,188

Working capital3

  

1,145

  

677

  

513

  

70

  

(4)

  

2,401