Segment Information

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Segment information 3rd quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Materials

 

Solutions & Specialties

 

Others/Consolidation

 

Covestro Group

 

 

3rd quarter 2021

 

3rd quarter 2022

 

3rd quarter 2021

 

3rd quarter 2022

 

3rd quarter 2021

 

3rd quarter 2022

 

3rd quarter 2021

 

3rd quarter 2022

 

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

Sales (external)

 

2,186

 

2,330

 

2,069

 

2,196

 

47

 

92

 

4,302

 

4,618

Intersegment sales1

 

733

 

760

 

8

 

11

 

(741)

 

(771)

 

–

 

–

Sales (total)

 

2,919

 

3,090

 

2,077

 

2,207

 

(694)

 

(679)

 

4,302

 

4,618

Change in sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

–6.9%

 

–6.2%

 

6.9%

 

–7.2%

 

30.9%

 

90.2%

 

0.0%

 

–5.7%

Price

 

57.6%

 

5.2%

 

29.5%

 

5.7%

 

0.0%

 

0.0%

 

43.8%

 

5.4%

Currency

 

1.5%

 

7.6%

 

1.8%

 

7.6%

 

–0.3%

 

5.5%

 

1.6%

 

7.6%

Portfolio

 

0.0%

 

0.0%

 

22.4%

 

0.0%

 

0.0%

 

0.0%

 

10.5%

 

0.0%

Sales by region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMLA

 

994

 

970

 

758

 

798

 

35

 

73

 

1,787

 

1,841

NA

 

565

 

702

 

437

 

543

 

9

 

16

 

1,011

 

1,261

APAC

 

627

 

658

 

874

 

855

 

3

 

3

 

1,504

 

1,516

EBITDA2, 3

 

708

 

53

 

221

 

280

 

(67)

 

(31)

 

862

 

302

EBIT2, 3

 

567

 

(107)

 

154

 

207

 

(67)

 

(34)

 

654

 

66

Depreciation, amortization, impairment losses and impairment loss reversals

 

141

 

160

 

67

 

73

 

–

 

3

 

208

 

236

Cash flows from operating activities3

 

375

 

227

 

118

 

142

 

71

 

(123)

 

564

 

246

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

 

117

 

134

 

66

 

77

 

–

 

2

 

183

 

213

Free operating cash flow3

 

258

 

93

 

52

 

65

 

71

 

(125)

 

381

 

33

Trade working capital4

 

1,523

 

1,704

 

1,608

 

2,085

 

(24)

 

(7)

 

3,107

 

3,782

1

In accordance with internal reporting to the Board of Management since July 1, 2022, these figures also include sales recognized in the amount of cost of goods sold. To ensure comparability, the segment data is presented on a consistent basis.

2

EBITDA and EBIT include the effect on earnings of intersegment sales.

3

The values were recalculated retroactively as of October 1, 2021, based on a change in the underlying market prices for compensation for transactions between the Performance Materials and Solutions & Specialties segments and the reference information restated accordingly.

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, 2021/2022.

(XLSX:) Download

Segment information first nine months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance Materials

 

Solutions & Specialties

 

Others/Consolidation

 

Covestro Group

 

 

1st nine months 2021

 

1st nine months 2022

 

1st nine months 2021

 

1st nine months 2022

 

1st nine months 2021

 

1st nine months 2022

 

1st nine months 2021

 

1st nine months 2022

 

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

 

€ million

Sales (external)

 

5,883

 

7,179

 

5,549

 

6,583

 

133

 

242

 

11,565

 

14,004

Intersegment sales1

 

1,912

 

2,323

 

19

 

28

 

(1,931)

 

(2,351)

 

–

 

–

Sales (total)

 

7,795

 

9,502

 

5,568

 

6,611

 

(1,798)

 

(2,109)

 

11,565

 

14,004

Change in sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

2.0%

 

–0.2%

 

17.5%

 

–5.4%

 

–1.1%

 

78.3%

 

9.3%

 

–1.8%

Price

 

52.5%

 

15.6%

 

19.7%

 

11.6%

 

0.0%

 

0.0%

 

35.8%

 

13.5%

Currency

 

–2.6%

 

6.6%

 

–2.8%

 

6.7%

 

–1.1%

 

3.7%

 

–2.6%

 

6.7%

Portfolio

 

0.0%

 

0.0%

 

16.0%

 

5.7%

 

0.0%

 

0.0%

 

7.7%

 

2.7%

Sales by region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMLA

 

2,839

 

3,367

 

2,113

 

2,522

 

102

 

193

 

5,054

 

6,082

NA

 

1,344

 

1,931

 

1,137

 

1,607

 

23

 

39

 

2,504

 

3,577

APAC

 

1,700

 

1,881

 

2,299

 

2,454

 

8

 

10

 

4,007

 

4,345

EBITDA2, 3

 

1,982

 

1,040

 

639

 

717

 

(199)

 

(102)

 

2,422

 

1,655

EBIT2, 3

 

1,558

 

572

 

462

 

498

 

(203)

 

(108)

 

1,817

 

962

Depreciation, amortization, impairment losses and impairment loss reversals

 

424

 

468

 

177

 

219

 

4

 

6

 

605

 

693

Cash flows from operating activities3

 

1,210

 

528

 

243

 

(42)

 

92

 

(355)

 

1,545

 

131

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

 

320

 

360

 

151

 

178

 

1

 

5

 

472

 

543

Free operating cash flow3

 

890

 

168

 

92

 

(220)

 

91

 

(360)

 

1,073

 

(412)

Trade working capital4

 

1,523

 

1,704

 

1,608

 

2,085

 

(24)

 

(7)

 

3,107

 

3,782

1

In accordance with internal reporting to the Board of Management since July 1, 2022, these figures also include sales recognized in the amount of cost of goods sold. To ensure comparability, the segment data is presented on a consistent basis.

2

EBITDA and EBIT include the effect on earnings of intersegment sales.

3

The values were recalculated retroactively as of October 1, 2021, based on a change in the underlying market prices for compensation for transactions between the Performance Materials and Solutions & Specialties segments and the reference information restated accordingly.

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, 2021/2022.