Covestro Group Consolidated Income Statement

 

 

 

 

 

 

 

 

 

Note

 

20171

 

2018

 

 

 

 

€ million

 

€ million

1 Reference information has not been restated, see note 2.

2 EBIT: income after income taxes plus financial result and income tax expense

3 Weighted average number of outstanding no-par voting shares of Covestro AG in issue: 192,768,826 (previous year: 202,396,416)

Net sales

 

6

 

14,138

 

14,616

Cost of goods sold

 

 

 

(9,308)

 

(9,918)

Gross profit

 

 

 

4,830

 

4,698

Selling expenses

 

 

 

(1,352)

 

(1,408)

Research and development expenses

 

 

 

(274)

 

(276)

General administration expenses

 

 

 

(481)

 

(491)

Other operating income

 

7

 

145

 

123

Other operating expenses

 

8

 

(60)

 

(66)

EBIT²

 

 

 

2,808

 

2,580

Equity-method loss

 

 

 

(23)

 

(22)

Result from other affiliated companies

 

 

 

 

1

Interest income

 

 

 

21

 

35

Interest expense

 

 

 

(120)

 

(82)

Other financial result

 

 

 

(28)

 

(36)

Financial result

 

10

 

(150)

 

(104)

 

 

 

 

 

 

 

Income before income taxes

 

 

 

2,658

 

2,476

Income taxes

 

11

 

(641)

 

(647)

Income after income taxes

 

 

 

2,017

 

1,829

of which attributable to noncontrolling interest

 

 

 

8

 

6

of which attributable to Covestro AG stockholders (net income)

 

 

 

2,009

 

1,823

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share³

 

12

 

9.93

 

9.46

 

 

 

 

 

 

 

Diluted earnings per share³

 

12

 

9.93

 

9.46