Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

1st quarter 2021

 

1st quarter 2022

 

 

€ million

 

€ million

Sales

 

3,307

 

4,683

Cost of goods sold

 

(2,261)

 

(3,497)

Gross profit

 

1,046

 

1,186

Selling expenses

 

(313)

 

(388)

Research and development expenses

 

(73)

 

(94)

General administration expenses

 

(98)

 

(93)

Other operating income

 

12

 

18

Other operating expenses

 

(18)

 

(40)

EBIT1

 

556

 

589

Equity-method loss

 

(3)

 

(4)

Result from other affiliated companies

 

1

 

Interest income

 

6

 

15

Interest expense

 

(19)

 

(23)

Other financial result

 

(14)

 

(16)

Financial result

 

(29)

 

(28)

 

 

 

 

 

Income before income taxes

 

527

 

561

Income taxes

 

(132)

 

(144)

Income after income taxes

 

395

 

417

of which attributable to noncontrolling interest

 

2

 

1

of which attributable to Covestro AG shareholders (net income)

 

393

 

416

 

 

 

 

 

 

 

 

Basic earnings per share2

 

2.03

 

2.15

 

 

 

 

 

Diluted earnings per share2

 

2.03

 

2.15

1

Earnings before interest and taxes (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 2022 was based on 193,143,311 no-par shares (previous year: 193,160,544 no-par shares).