Covestro Group Consolidated
Income Statement

 

 

 

 

 

 

 

 

 

 

 

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