Results of Operations, Financial Position, and Net Assets of the Covestro Group
Key data Covestro Group
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4th quarter 2019 |
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4th quarter 2020 |
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Change |
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2019 |
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2020 |
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Change |
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€ million |
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€ million |
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% |
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€ million |
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€ million |
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% |
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Core volume growth1 |
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+3.8% |
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+1.7% |
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+2.0% |
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–5.6% |
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Sales |
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2,864 |
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3,007 |
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+5.0 |
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12,412 |
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10,706 |
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–13.7 |
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Change in sales |
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Volume |
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–0.7% |
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+4.7% |
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+0.8% |
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–5.1% |
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Price |
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–13.3% |
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+5.4% |
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–17.3% |
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–5.7% |
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Currency |
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+1.5% |
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–4.0% |
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+1.9% |
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–1.6% |
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Portfolio |
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0.0% |
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–1.1% |
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–0.5% |
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–1.3% |
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Sales by region |
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EMLA |
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1,179 |
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1,288 |
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+9.2 |
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5,289 |
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4,600 |
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–13.0 |
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NAFTA |
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719 |
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654 |
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–9.0 |
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3,141 |
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2,554 |
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–18.7 |
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APAC |
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966 |
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1,065 |
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+10.2 |
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3,982 |
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3,552 |
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–10.8 |
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EBITDA |
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278 |
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637 |
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>100 |
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1,604 |
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1,472 |
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–8.2 |
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Depreciation and amortization |
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185 |
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205 |
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+10.8 |
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752 |
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776 |
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+3.2 |
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EBIT |
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93 |
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432 |
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>300 |
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852 |
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696 |
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–18.3 |
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Financial result |
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(26) |
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(13) |
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–50.0 |
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(91) |
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(91) |
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0.0 |
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Net income |
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37 |
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312 |
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>700 |
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552 |
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459 |
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–16.8 |
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Operating cash flows |
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637 |
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635 |
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–0.3 |
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1,383 |
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1,234 |
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–10.8 |
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Cash outflows for additions to property, plant, equipment and intangible assets |
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307 |
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241 |
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–21.5 |
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910 |
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704 |
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–22.6 |
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Free operating cash flow |
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330 |
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394 |
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+19.4 |
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473 |
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530 |
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+12.1 |
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Net financial debt2 |
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989 |
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356 |
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–64.0 |
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ROCE |
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+8.4% |
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+7.0% |
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