Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

 

 

 

 

3rd quarter 2019

 

3rd quarter 2020

 

1st nine months 2019

 

1st nine months 2020

 

 

€ million

 

€ million

 

€ million

 

€ million

Sales

 

3,162

 

2,760

 

9,548

 

7,699

Cost of goods sold

 

(2,460)

 

(2,057)

 

(7,316)

 

(6,106)

Gross profit

 

702

 

703

 

2,232

 

1,593

Selling expenses

 

(347)

 

(294)

 

(1,037)

 

(883)

Research and development expenses

 

(64)

 

(63)

 

(200)

 

(187)

General administration expenses

 

(82)

 

(79)

 

(275)

 

(239)

Other operating income

 

28

 

9

 

81

 

26

Other operating expenses

 

(16)

 

(11)

 

(42)

 

(46)

EBIT1

 

221

 

265

 

759

 

264

Equity-method loss

 

(5)

 

(3)

 

(19)

 

(11)

Result from other affiliated companies

 

 

1

 

1

 

1

Interest income

 

11

 

4

 

30

 

19

Interest expense

 

(21)

 

(20)

 

(66)

 

(57)

Other financial result

 

(4)

 

(4)

 

(11)

 

(30)

Financial result

 

(19)

 

(22)

 

(65)

 

(78)

 

 

 

 

 

 

 

 

 

Income before income taxes

 

202

 

243

 

694

 

186

Income taxes

 

(53)

 

(63)

 

(175)

 

(38)

Income after income taxes

 

149

 

180

 

519

 

148

of which attributable to noncontrolling interest

 

2

 

1

 

4

 

1

of which attributable to Covestro AG shareholders (net income)

 

147

 

179

 

515

 

147

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share2

 

0.80

 

0.98

 

2.82

 

0.80

 

 

 

 

 

 

 

 

 

Diluted earnings per share2

 

0.80

 

0.98

 

2.82

 

0.80

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 third quarter of 2020 (previous year: 182,704,602 no-par shares) and on 182,864,685 no-par shares for the first nine months of 2020 (previous year:182,704,602 no-par shares).