Key Data Covestro Group

(XLS:) Download

 

  

 

  

 

  

 

  

 

  

 

  

 

 

  

2nd quarter 2019

  

2nd quarter 2020

  

Change

  

1st half 2019

  

1st half 2020

  

Change

 

  

€ million

  

€ million

  

%

  

€ million

  

€ million

  

%

1

Core volume growth refers to the core products in the Polyurethanes, Polycarbonates and Coatings, Adhesives, Specialties segments. It is calculated as the percentage change in externally sold volumes in thousand tons compared with the prior year. Covestro also takes advantage of business opportunities outside its core business, for example the sale of precursors and by-products such as hydrochloric acid, sodium hydroxide solution and styrene. These transactions are not included in core volume growth.

2

Reference values calculated on the basis of the definition of the core business effective March 31, 2020

3

EMLA: Europe, Middle East, Africa and Latin America (excluding Mexico) region

4

NAFTA: United States, Canada and Mexico region

5

APAC: Asia and Pacific region

6

EBITDA: EBIT plus depreciation, amortization and impairment losses, less impairment loss reversals

7

EBIT: Income after income taxes plus financial result and income taxes

8

Net income: income after income taxes attributable to the shareholders of Covestro AG

9

Earnings per share: According to IAS 33, earnings per share comprise net income divided by the weighted average number of outstanding no-par voting shares of Covestro AG. The calculation was based on 182,864,685 no-par shares (previous year: 182,704,602 no-par shares).

10

Operating cash flows: cash flows from operating activities according to IAS 7

11

Free operating cash flow: operating cash flows less cash outflows for additions to property, plant, equipment and intangible assets

Core volume growth1, 2

  

+1.1%

  

–22.7%

  

 

  

–0.4%

  

–13.6%

  

 

Sales

  

3,211

  

2,156

  

–32.9

  

6,386

  

4,939

  

–22.7

Change in sales

  

 

  

 

  

 

  

 

  

 

  

 

Volume

  

+0.8%

  

–22.3%

  

 

  

+0.9%

  

–12.5%

  

 

Price

  

–18.7%

  

–9.0%

  

 

  

–18.5%

  

–9.1%

  

 

Currency

  

+1.8%

  

–0.1%

  

 

  

+2.1%

  

+0.3%

  

 

Portfolio

  

–0.8%

  

–1.5%

  

 

  

–0.9%

  

–1.4%

  

 

Sales by region

  

 

  

 

  

 

  

 

  

 

  

 

EMLA3

  

1,379

  

874

  

–36.6

  

2,793

  

2,174

  

–22.2

NAFTA4

  

822

  

508

  

–38.2

  

1,610

  

1,252

  

–22.2

APAC5

  

1,010

  

774

  

–23.4

  

1,983

  

1,513

  

–23.7

EBITDA6

  

459

  

125

  

–72.8

  

901

  

379

  

–57.9

Changes in EBITDA

  

 

  

 

  

 

  

 

  

 

  

 

of which volume

  

+0.5%

  

–72.3%

  

 

  

+1.9%

  

–42.8%

  

 

of which price

  

–73.5%

  

–63.2%

  

 

  

–69.0%

  

–64.4%

  

 

of which raw material price effect

  

+8.9%

  

+41.4%

  

 

  

+5.8%

  

+36.6%

  

 

of which currency

  

+1.1%

  

+1.5%

  

 

  

+1.1%

  

+1.2%

  

 

EBIT7

  

274

  

(68)

  

.

  

538

  

(1)

  

.

Financial result

  

(23)

  

(17)

  

–26.1

  

(46)

  

(56)

  

+21.7

Net income8

  

189

  

(52)

  

.

  

368

  

(32)

  

.

Earnings per share (€)9

  

1.03

  

(0.28)

  

.

  

2.01

  

(0.17)

  

.

Operating cash flows10

  

164

  

171

  

+4.3

  

284

  

61

  

–78.5

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

  

219

  

147

  

–32.9

  

384

  

286

  

–25.5

Free operating cash flow11

  

(55)

  

24

  

.

  

(100)

  

(225)

  

>100