6. Earnings per Share

Earnings per share are calculated according to IAS 33 (Earnings per Share) by dividing net income for the reporting period by the weighted average number of outstanding no-par voting shares of Covestro AG. Between November 21, 2017, and December 4, 2018, Covestro AG acquired own shares as part of a share buy-back program. In the first half of 2019, a weighted average number of outstanding no-par voting shares of 182,704,602 was used to calculate earnings per share, while in the first half of 2018, these shares numbered 197,746,827. There were no dilution effects to consider.