Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

1st quarter 2020

 

1st quarter 2021

 

 

€ million

 

€ million

Sales

 

2,783

 

3,307

Cost of goods sold

 

(2,232)

 

(2,261)

Gross profit

 

551

 

1,046

Selling expenses

 

(321)

 

(313)

Research and development expenses

 

(65)

 

(73)

General administration expenses

 

(92)

 

(98)

Other operating income

 

9

 

12

Other operating expenses

 

(15)

 

(18)

EBIT1

 

67

 

556

Equity-method loss

 

(4)

 

(3)

Result from other affiliated companies

 

 

1

Interest income

 

8

 

6

Interest expense

 

(19)

 

(19)

Other financial result

 

(24)

 

(14)

Financial result

 

(39)

 

(29)

 

 

 

 

 

Income before income taxes

 

28

 

527

Income taxes

 

(7)

 

(132)

Income after income taxes

 

21

 

395

of which attributable to noncontrolling interest

 

1

 

2

of which attributable to Covestro AG shareholders (net income)

 

20

 

393

 

 

 

 

 

 

 

 

Basic earnings per share2

 

0.11

 

2.03

 

 

 

 

 

Diluted earnings per share2

 

0.11

 

2.03

1

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

2

Earnings per share: According to IAS 33 (Earnings per Share), earnings per share comprise net income divided by the weighted average number of outstanding no-par voting shares of Covestro AG. The calculation for the first quarter of 2021 was based on 193,160,544 no-par shares (previous year: 182,864,685 no-par shares).