Segment Information

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Segment information 3rd quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Materials

 

Solutions & Specialties

 

Others/consolidation

 

Covestro Group

 

 

3rd quarter 20201

 

3rd quarter 2021

 

3rd quarter 20201

 

3rd quarter 2021

 

3rd quarter 20201

 

3rd quarter 2021

 

3rd quarter 2020

 

3rd quarter 2021

 

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

Sales (external)

 

1,436

 

2,186

 

1,288

 

2,069

 

36

 

47

 

2,760

 

4,302

Intersegment sales

 

334

 

768

 

7

 

8

 

(341)

 

(776)

 

–

 

–

Sales (total)

 

1,770

 

2,954

 

1,295

 

2,077

 

(305)

 

(729)

 

2,760

 

4,302

Change in sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

 

 

–6.9%

 

 

 

+6.9%

 

 

 

+30.9%

 

+1.0%

 

0.0%

Price

 

 

 

+57.6%

 

 

 

+29.5%

 

 

 

0.0%

 

–9.0%

 

+43.8%

Currency

 

 

 

+1.5%

 

 

 

+1.8%

 

 

 

–0.3%

 

–3.3%

 

+1.6%

Portfolio

 

 

 

0.0%

 

 

 

+22.4%

 

 

 

0.0%

 

–1.4%

 

+10.5%

Core volume growth2

 

 

 

–11.6%

 

 

 

+22.7%

 

 

 

 

 

+2.9%

 

+0.8%

Sales by region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMLA

 

655

 

994

 

457

 

758

 

26

 

35

 

1,138

 

1,787

NA

 

344

 

565

 

297

 

437

 

7

 

9

 

648

 

1,011

APAC

 

437

 

627

 

534

 

874

 

3

 

3

 

974

 

1,504

EBITDA3

 

288

 

755

 

207

 

173

 

(39)

 

(66)

 

456

 

862

EBIT3

 

145

 

614

 

161

 

106

 

(41)

 

(66)

 

265

 

654

Depreciation, amortization, impairment losses and impairment loss reversals

 

143

 

141

 

46

 

67

 

2

 

–

 

191

 

208

Cash flows from operating activities

 

372

 

410

 

136

 

82

 

30

 

72

 

538

 

564

Cash outflows for additions to property, plant, equipment and intangible assets

 

126

 

116

 

51

 

66

 

–

 

1

 

177

 

183

Free operating cash flow

 

246

 

294

 

85

 

16

 

30

 

71

 

361

 

381

Trade working capital4

 

935

 

1,523

 

1,104

 

1,608

 

2

 

(24)

 

2,041

 

3,107

1

Reference information based on fiscal 2019 is not presented here due to the new organizational structure.

2

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

3

The Performance Materials and Solutions & Specialties reporting segments include the effect on earnings of intersegment sales.

4

Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of September 30, 2020/2021. Reference information was restated accordingly, see note 4 “Change in presentation for rebates granted to customers and trade working capital” in the Annual Report 2020.

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Segment information first nine months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Materials

 

Solutions & Specialties

 

Others/consolidation

 

Covestro Group

 

 

1st nine months 20201

 

1st nine months 2021

 

1st nine months 20201

 

1st nine months 2021

 

1st nine months 20201

 

1st nine months 2021

 

1st nine months 2020

 

1st nine months 2021

 

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

Sales (external)

 

3,874

 

5,883

 

3,689

 

5,549

 

136

 

133

 

7,699

 

11,565

Intersegment sales

 

882

 

1,954

 

18

 

19

 

(900)

 

(1,973)

 

–

 

–

Sales (total)

 

4,756

 

7,837

 

3,707

 

5,568

 

(764)

 

(1,840)

 

7,699

 

11,565

Change in sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

 

 

+2.0%

 

 

 

+17.5%

 

 

 

–1.1%

 

–8.1%

 

+9.3%

Price

 

 

 

+52.5%

 

 

 

+19.7%

 

 

 

0.0%

 

–9.1%

 

+35.8%

Currency

 

 

 

–2.6%

 

 

 

–2.8%

 

 

 

–1.1%

 

–0.8%

 

–2.6%

Portfolio

 

 

 

0.0%

 

 

 

+16.0%

 

 

 

0.0%

 

–1.4%

 

+7.7%

Core volume growth2

 

 

 

+0.7%

 

 

 

+31.0%

 

 

 

 

 

–7.9%

 

+11.9%

Sales by region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMLA

 

1,813

 

2,839

 

1,395

 

2,113

 

104

 

102

 

3,312

 

5,054

NA

 

1,007

 

1,344

 

870

 

1,137

 

23

 

23

 

1,900

 

2,504

APAC

 

1,054

 

1,700

 

1,424

 

2,299

 

9

 

8

 

2,487

 

4,007

EBITDA3

 

458

 

2,053

 

522

 

568

 

(145)

 

(199)

 

835

 

2,422

EBIT3

 

29

 

1,629

 

385

 

391

 

(150)

 

(203)

 

264

 

1,817

Depreciation, amortization, impairment losses and impairment loss reversals

 

429

 

424

 

137

 

177

 

5

 

4

 

571

 

605

Cash flows from operating activities

 

367

 

1,263

 

345

 

189

 

(113)

 

93

 

599

 

1,545

Cash outflows for additions to property, plant, equipment and intangible assets

 

329

 

319

 

133

 

151

 

1

 

2

 

463

 

472

Free operating cash flow

 

38

 

944

 

212

 

38

 

(114)

 

91

 

136

 

1,073

Trade working capital4

 

935

 

1,523

 

1,104

 

1,608

 

2

 

(24)

 

2,041

 

3,107

1

Reference information based on fiscal 2019 is not presented here due to the new organizational structure.

2

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

3

The Performance Materials and Solutions & Specialties reporting segments include the effect on earnings of intersegment sales.

4

Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of September 30, 2020/2021. Reference information was restated accordingly, see note 4 “Change in presentation for rebates granted to customers and trade working capital” in the Annual Report 2020.