Covestro Group in Figures

Core volume growth refers to the core products in the Performance Materials and Solutions & Specialties segments. It is calculated as the percentage change in externally sold volumes 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.

Calculated on the basis of the definition of the core business effective March 31, 2021.

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

NA: North America region (Canada, Mexico, United States).

APAC: Asia and Pacific region.

EBITDA: EBIT plus depreciation, amortization, and impairment losses; less impairment loss reversals on intangible assets and property, plant and equipment.

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

Net income: income after income taxes attributable to the shareholders of Covestro AG.

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 was based on 193,160,544 no-par shares for the third quarter of 2021 (previous year: 182,864,685 no-par shares) and on 193,160,544 no-par shares for the first nine months of 2021 (previous year: 182,864,685 no-par shares).

Cash flows from operating activities according to IAS 7 (Statement of Cash Flows).

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