Covestro Group Consolidated Income Statement
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3rd quarter 2022 |
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3rd quarter 2023 |
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1st nine months 2022 |
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1st nine months 2023 |
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€ million |
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€ million |
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€ million |
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€ million |
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Sales |
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4,618 |
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3,568 |
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14,004 |
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11,031 |
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Cost of goods sold |
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(4,058) |
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(3,011) |
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(11,338) |
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(9,157) |
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Gross profit |
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560 |
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557 |
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2,666 |
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1,874 |
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Selling expenses |
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(396) |
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(366) |
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(1,193) |
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(1,130) |
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Research and development expenses |
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(83) |
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(86) |
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(273) |
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(284) |
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General administration expenses |
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(86) |
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(84) |
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(275) |
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(263) |
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Other operating income |
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91 |
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80 |
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125 |
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228 |
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Other operating expenses |
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(20) |
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(30) |
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(88) |
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(149) |
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EBIT1 |
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66 |
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71 |
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962 |
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276 |
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Equity-method loss |
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(5) |
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(5) |
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(15) |
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(17) |
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Result from other affiliated companies |
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1 |
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1 |
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1 |
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1 |
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Interest income |
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16 |
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19 |
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53 |
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53 |
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Interest expense |
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(34) |
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(44) |
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(91) |
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(127) |
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Other financial result |
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(18) |
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(6) |
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(60) |
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(10) |
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Financial result |
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(40) |
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(35) |
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(112) |
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(100) |
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Income before income taxes |
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26 |
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36 |
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850 |
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176 |
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Income taxes |
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(15) |
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(67) |
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(224) |
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(189) |
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Income after income taxes |
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11 |
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(31) |
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626 |
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(13) |
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attributable to noncontrolling interest |
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(1) |
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– |
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(1) |
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(2) |
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attributable to Covestro AG shareholders (net income) |
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12 |
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(31) |
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627 |
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(11) |
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€ |
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€ |
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€ |
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€ |
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Basic /Diluted earnings per share2 |
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0.06 |
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(0.16) |
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3.28 |
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(0.06) |
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