Covestro Group in Figures

Core volume growth refers to the core products in the Polyurethanes, Polycarbonates and Coatings, Adhesives, Specialties segments. It is calculated as the percentage change in externally sold volumes in thousand metric tons compared with the prior year. Covestro also takes advantage of business opportunities outside its core business, for example the sale of precursors and by-products such as hydrochloric acid, sodium hydroxide solution and styrene. These transactions are not included in core volume growth.

Reference values calculated on the basis of the definition of the core business effective March 31, 2020.

EMLA: Europe, Middle East, Africa and Latin America (excluding Mexico) region

NAFTA: United States, Canada and Mexico region

APAC: Asia and Pacific region

EBITDA: EBIT plus the sum of depreciation, amortization, impairment losses and impairment loss reversals

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

Net income: income after income taxes attributable to the stockholders of Covestro AG

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).

Operating cash flows: cash flows from operating activities according to IAS 7

Free operating cash flow: operating cash flows less cash outflows for additions to property, plant, equipment and intangible assets