Covestro Group Consolidated Income Statement
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3rd quarter 2019 |
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3rd quarter 2020 |
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1st nine months 2019 |
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1st nine months 2020 |
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€ million |
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€ million |
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€ million |
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€ million |
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Sales |
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3,162 |
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2,760 |
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9,548 |
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7,699 |
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Cost of goods sold |
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(2,460) |
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(2,057) |
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(7,316) |
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(6,106) |
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Gross profit |
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702 |
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703 |
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2,232 |
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1,593 |
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Selling expenses |
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(347) |
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(294) |
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(1,037) |
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(883) |
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Research and development expenses |
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(64) |
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(63) |
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(200) |
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(187) |
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General administration expenses |
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(82) |
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(79) |
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(275) |
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(239) |
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Other operating income |
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28 |
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9 |
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81 |
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26 |
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Other operating expenses |
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(16) |
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(11) |
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(42) |
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(46) |
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EBIT1 |
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221 |
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265 |
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759 |
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264 |
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Equity-method loss |
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(5) |
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(3) |
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(19) |
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(11) |
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Result from other affiliated companies |
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– |
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1 |
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1 |
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1 |
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Interest income |
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11 |
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4 |
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30 |
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19 |
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Interest expense |
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(21) |
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(20) |
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(66) |
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(57) |
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Other financial result |
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(4) |
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(4) |
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(11) |
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(30) |
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Financial result |
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(19) |
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(22) |
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(65) |
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(78) |
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Income before income taxes |
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202 |
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243 |
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694 |
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186 |
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Income taxes |
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(53) |
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(63) |
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(175) |
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(38) |
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Income after income taxes |
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149 |
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180 |
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519 |
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148 |
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of which attributable to noncontrolling interest |
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2 |
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1 |
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4 |
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1 |
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of which attributable to Covestro AG shareholders (net income) |
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147 |
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179 |
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515 |
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147 |
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€ |
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€ |
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€ |
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€ |
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Basic earnings per share2 |
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0.80 |
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0.98 |
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2.82 |
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0.80 |
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Diluted earnings per share2 |
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0.80 |
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0.98 |
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2.82 |
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0.80 |
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