Covestro Group Consolidated Income Statement
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2nd quarter 2019 |
2nd quarter 2020 |
1st half 2019 |
1st half 2020 |
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€ million |
€ million |
€ million |
€ million |
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Sales |
3,211 |
2,156 |
6,386 |
4,939 |
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Cost of goods sold |
(2,449) |
(1,817) |
(4,856) |
(4,049) |
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Gross profit |
762 |
339 |
1,530 |
890 |
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Selling expenses |
(346) |
(268) |
(690) |
(589) |
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Research and development expenses |
(68) |
(59) |
(136) |
(124) |
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General administration expenses |
(97) |
(68) |
(193) |
(160) |
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Other operating income |
31 |
8 |
53 |
17 |
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Other operating expenses |
(8) |
(20) |
(26) |
(35) |
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EBIT1 |
274 |
(68) |
538 |
(1) |
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Equity-method loss |
(8) |
(4) |
(14) |
(8) |
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Result from other affiliated companies |
– |
– |
1 |
– |
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Interest income |
9 |
7 |
19 |
15 |
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Interest expense |
(22) |
(18) |
(45) |
(37) |
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Other financial result |
(2) |
(2) |
(7) |
(26) |
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Financial result |
(23) |
(17) |
(46) |
(56) |
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Income before income taxes |
251 |
(85) |
492 |
(57) |
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Income taxes |
(61) |
32 |
(122) |
25 |
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Income after income taxes |
190 |
(53) |
370 |
(32) |
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of which attributable to noncontrolling interest |
1 |
(1) |
2 |
– |
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of which attributable to Covestro AG shareholders (net income) |
189 |
(52) |
368 |
(32) |
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€ |
€ |
€ |
€ |
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Basic earnings per share2 |
1.03 |
–0.28 |
2.01 |
–0.17 |
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Diluted earnings per share2 |
1.03 |
–0.28 |
2.01 |
–0.17 |
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