Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

 

 

Note

 

2020

 

2021

 

 

 

 

€ million

 

€ million

Sales

 

6

 

10,706

 

15,903

Cost of goods sold

 

 

 

(8,207)

 

(11,475)

Gross profit

 

 

 

2,499

 

4,428

Selling expenses

 

 

 

(1,195)

 

(1,428)

Research and development expenses

 

 

 

(262)

 

(341)

General administration expenses

 

 

 

(310)

 

(415)

Other operating income

 

7

 

63

 

99

Other operating expenses

 

8

 

(99)

 

(81)

EBIT1

 

 

 

696

 

2,262

Equity-method loss

 

 

 

(13)

 

(15)

Result from other affiliated companies

 

 

 

1

 

2

Interest income

 

 

 

26

 

38

Interest expense

 

 

 

(73)

 

(79)

Other financial result

 

 

 

(32)

 

(23)

Financial result

 

10

 

(91)

 

(77)

 

 

 

 

 

 

 

Income before income taxes

 

 

 

605

 

2,185

Income taxes

 

11

 

(151)

 

(566)

Income after income taxes

 

 

 

454

 

1,619

of which attributable to noncontrolling interest

 

 

 

(5)

 

3

of which attributable to Covestro AG shareholders (net income)

 

 

 

459

 

1,616

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share2

 

12

 

2.48

 

8.37

 

 

 

 

 

 

 

Diluted earnings per share2

 

12

 

2.48

 

8.37

1

EBIT: income after income taxes plus financial result and income tax.

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 for fiscal 2021 was based on 193,165,396 no-par value shares (previous year: 184,912,207). For more information, see note 12 “Earnings per Share.”