Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

 

 

 

 

3rd quarter 2021

 

3rd quarter 2022

 

1st nine months 2021

 

1st nine months 2022

 

 

€ million

 

€ million

 

€ million

 

€ million

Sales

 

4,302

 

4,618

 

11,565

 

14,004

Cost of goods sold

 

(3,066)

 

(4,058)

 

(8,140)

 

(11,338)

Gross profit

 

1,236

 

560

 

3,425

 

2,666

Selling expenses

 

(375)

 

(396)

 

(1,045)

 

(1,193)

Research and development expenses

 

(95)

 

(83)

 

(255)

 

(273)

General administration expenses

 

(104)

 

(86)

 

(307)

 

(275)

Other operating income

 

14

 

91

 

66

 

125

Other operating expenses

 

(22)

 

(20)

 

(67)

 

(88)

EBIT1

 

654

 

66

 

1,817

 

962

Equity-method loss

 

(4)

 

(5)

 

(11)

 

(15)

Result from other affiliated companies

 

 

1

 

1

 

1

Interest income

 

9

 

16

 

24

 

53

Interest expense

 

(18)

 

(34)

 

(59)

 

(91)

Other financial result

 

(7)

 

(18)

 

(22)

 

(60)

Financial result

 

(20)

 

(40)

 

(67)

 

(112)

 

 

 

 

 

 

 

 

 

Income before income taxes

 

634

 

26

 

1,750

 

850

Income taxes

 

(161)

 

(15)

 

(432)

 

(224)

Income after income taxes

 

473

 

11

 

1,318

 

626

attributable to noncontrolling interest

 

1

 

(1)

 

4

 

(1)

attributable to Covestro AG shareholders (net income)

 

472

 

12

 

1,314

 

627

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share2

 

2.44

 

0.06

 

6.80

 

3.28

 

 

 

 

 

 

 

 

 

Diluted earnings per share2

 

2.44

 

0.06

 

6.80

 

3.28

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 was based on 189,720,044 no-par shares for the third quarter of 2022 (previous year: 193,160,544 no-par shares) and on 191,298,857 no-par shares for the first nine months of 2022 (previous year: 193,160,544 no-par shares).