Covestro Group Consolidated
Income Statement

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3rd quarter 20181

  

3rd quarter 2019

  

1st nine months 20181

  

1st nine months 2019

 

  

€ million

  

€ million

  

€ million

  

€ million

1

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

2

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

3

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 191,152,569 no-par shares for the third quarter of 2018 and on 195,524,586 no-par shares for the first nine months of 2018, and on 182,704,602 no-par shares for the third quarter of 2019, and for the first nine months of 2019.

Net sales

  

3,702

  

3,162

  

11,344

  

9,548

Cost of goods sold

  

(2,499)

  

(2,460)

  

(7,327)

  

(7,316)

Gross profit

  

1,203

  

702

  

4,017

  

2,232

Selling expenses

  

(346)

  

(347)

  

(1,054)

  

(1,037)

Research and development expenses

  

(65)

  

(64)

  

(201)

  

(200)

General administration expenses

  

(126)

  

(82)

  

(373)

  

(275)

Other operating income

  

62

  

28

  

85

  

81

Other operating expenses

  

(21)

  

(16)

  

(34)

  

(42)

EBIT2

  

707

  

221

  

2,440

  

759

Equity-method loss

  

(6)

  

(5)

  

(16)

  

(19)

Result from other affiliated companies

  

1

  

–

  

1

  

1

Interest income

  

8

  

11

  

20

  

30

Interest expense

  

(20)

  

(21)

  

(61)

  

(66)

Other financial result

  

(8)

  

(4)

  

(24)

  

(11)

Financial result

  

(25)

  

(19)

  

(80)

  

(65)

 

  

 

  

 

  

 

  

 

Income before income taxes

  

682

  

202

  

2,360

  

694

Income taxes

  

(185)

  

(53)

  

(611)

  

(175)

Income after income taxes

  

497

  

149

  

1,749

  

519

of which attributable to noncontrolling interest

  

1

  

2

  

5

  

4

of which attributable to Covestro AG stockholders (net income)

  

496

  

147

  

1,744

  

515

 

  

 

  

 

  

 

  

 

 

  

€

  

€

  

€

  

€

Basic earnings per share3

  

2.59

  

0.80

  

8.92

  

2.82

 

  

 

  

 

  

 

  

 

Diluted earnings per share3

  

2.59

  

0.80

  

8.92

  

2.82