Covestro Group Key Data

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3rd quarter 2021

 

3rd quarter 2022

 

Change

 

1st nine months 2021

 

1st nine months 2022

 

Change

 

 

€ million

 

€ million

 

%

 

€ million

 

€ million

 

%

Sales

 

4,302

 

4,618

 

7.3

 

11,565

 

14,004

 

21.1

Change in sales

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

0.0%

 

–5.7%

 

 

 

9.3%

 

–1.8%

 

 

Price

 

43.8%

 

5.4%

 

 

 

35.8%

 

13.5%

 

 

Currency

 

1.6%

 

7.6%

 

 

 

–2.6%

 

6.7%

 

 

Portfolio

 

10.5%

 

0.0%

 

 

 

7.7%

 

2.7%

 

 

EBITDA1

 

862

 

302

 

–65.0

 

2,422

 

1,655

 

–31.7

Changes in EBITDA

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

5.3%

 

–11.4%

 

 

 

44.1%

 

–4.4%

 

 

Price

 

264.9%

 

26.8%

 

 

 

330.5%

 

64.5%

 

 

Raw material price

 

–138.6%

 

–99.4%

 

 

 

–124.1%

 

–101.8%

 

 

Currency

 

3.5%

 

5.7%

 

 

 

–3.2%

 

5.8%

 

 

Other2

 

–46.1%

 

13.3%

 

 

 

–57.2%

 

4.2%

 

 

EBIT3

 

654

 

66

 

–89.9

 

1,817

 

962

 

–47.1

Financial result

 

(20)

 

(40)

 

100.0

 

(67)

 

(112)

 

67.2

Net income4

 

472

 

12

 

–97.5

 

1,314

 

627

 

–52.3

Earnings per share (€)5

 

2.44

 

0.06

 

–97.5

 

6.80

 

3.28

 

–51.8

Cash flows from operating activities6

 

564

 

246

 

–56.4

 

1,545

 

131

 

–91.5

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

 

183

 

213

 

16.4

 

472

 

543

 

15.0

Free operating cash flow7

 

381

 

33

 

–91.3

 

1,073

 

(412)

 

.

1

Earnings before interest, taxes, depreciation and amortization (EBITDA): EBIT plus depreciation, amortization, and impairment losses; less impairment loss reversals on intangible assets and property, plant and equipment.

2

Other changes in EBITDA such as changes in provisions for variable compensation.

3

Earnings before interest and taxes (EBIT): income after income taxes plus financial result and income taxes.

4

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

5

Earnings per share: according to IAS 33 (Earnings per Share), net income divided by the weighted average number of outstanding no-par value 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).

6

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

7

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