| Segment information, 4th quarter | ||||||||
|---|---|---|---|---|---|---|---|---|
| Performance Materials | Solutions & Specialties | Others/Reconciliation | Covestro Group | |||||
| 4th quarter 2023 | 4th quarter 2024 | 4th quarter 2023 | 4th quarter 2024 | 4th quarter 2023 | 4th quarter 2024 | 4th quarter 2023 | 4th quarter 2024 | |
| € million | € million | € million | € million | € million | € million | € million | € million | |
| Sales (external) | 1,588 | 1,670 | 1,703 | 1,654 | 55 | 52 | 3,346 | 3,376 |
| Intersegment sales | 488 | 510 | 6 | 7 | (494) | (517) | – | – |
| Sales (total) | 2,076 | 2,180 | 1,709 | 1,661 | (439) | (465) | 3,346 | 3,376 |
| Change in sales | ||||||||
| Volume | 7.7% | 5.6% | –0.3% | 1.3% | – | – | 3.1% | 3.2% |
| Price | –22.0% | –0.1% | –10.2% | –4.0% | – | – | –15.7% | –2.1% |
| Currency | –2.8% | –0.3% | –3.3% | –0.2% | – | – | –3.0% | –0.2% |
| Sales by region | ||||||||
| EMLA | 674 | 739 | 586 | 556 | 47 | 40 | 1,307 | 1,335 |
| NA | 414 | 400 | 427 | 420 | 5 | 9 | 846 | 829 |
| APAC | 500 | 531 | 690 | 678 | 3 | 3 | 1,193 | 1,212 |
| EBITDA1 | 16 | 145 | 185 | 150 | (69) | (104) | 132 | 191 |
| EBIT1 | (126) | (55) | 107 | 30 | (71) | (106) | (90) | (131) |
| Depreciation, amortization, impairment losses, and impairment loss reversals | 142 | 200 | 78 | 120 | 2 | 2 | 222 | 322 |
| Cash flows from operating activities | 169 | 355 | 374 | 368 | (166) | (111) | 377 | 612 |
| Cash outflows for additions to property, plant, equipment, and intangible assets | 190 | 226 | 110 | 110 | 4 | 23 | 304 | 359 |
| Free operating cash flow | (21) | 129 | 264 | 258 | (170) | (134) | 73 | 253 |
| Trade working capital2 | 975 | 964 | 1,437 | 1,447 | (26) | (20) | 2,386 | 2,391 |
1 EBITDA and EBIT include the effect of intersegment sales on earnings.
2 Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of December 31, 2024/2023.
| Segment information, full year | ||||||||
|---|---|---|---|---|---|---|---|---|
| Performance Materials | Solutions & Specialties | Others /Reconciliation | Covestro Group | |||||
| 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | |
| € million | € million | € million | € million | € million | € million | € million | € million | |
| Sales (external) | 6,876 | 6,970 | 7,267 | 7,004 | 234 | 205 | 14,377 | 14,179 |
| Intersegment sales | 2,194 | 2,228 | 27 | 27 | (2,221) | (2,255) | – | – |
| Sales (total) | 9,070 | 9,198 | 7,294 | 7,031 | (1,987) | (2,050) | 14,377 | 14,179 |
| Change in sales | ||||||||
| Volume | –6.7% | 11.9% | –6.2% | 4.0% | – | – | –6.8% | 7.4% |
| Price | –15.7% | –9.6% | –6.4% | –6.8% | – | – | –11.0% | –8.0% |
| Currency | –2.0% | –0.9% | –2.5% | –0.8% | – | – | –2.2% | –0.8% |
| Sales by region | ||||||||
| EMLA | 3,021 | 3,102 | 2,730 | 2,585 | 190 | 161 | 5,941 | 5,848 |
| NA | 1,844 | 1,720 | 1,860 | 1,755 | 31 | 32 | 3,735 | 3,507 |
| APAC | 2,011 | 2,148 | 2,677 | 2,664 | 13 | 12 | 4,701 | 4,824 |
| EBITDA1 | 576 | 569 | 817 | 740 | (313) | (238) | 1,080 | 1,071 |
| EBIT1 | 9 | (42) | 497 | 374 | (320) | (245) | 186 | 87 |
| Depreciation, amortization, impairment losses, and impairment loss reversals | 567 | 611 | 320 | 366 | 7 | 7 | 894 | 984 |
| Cash flows from operating activities | 652 | 574 | 821 | 671 | (476) | (375) | 997 | 870 |
| Cash outflows for additions to property, plant, equipment, and intangible assets | 490 | 496 | 270 | 254 | 5 | 31 | 765 | 781 |
| Free operating cash flow | 162 | 78 | 551 | 417 | (481) | (406) | 232 | 89 |
| Trade working capital2 | 975 | 964 | 1,437 | 1,447 | (26) | (20) | 2,386 | 2,391 |
1 EBITDA and EBIT include the effect of intersegment sales on earnings.
2 Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of December 31, 2024/2023.
| Quarterly Overview | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1st quarter 2023 |
2nd quarter 2023 |
3rd quarter 2023 |
4th quarter 2023 |
1st quarter 2024 |
2nd quarter 2024 |
3rd quarter 2024 |
4th quarter 2024 | |
| € million | € million | € million | € million | € million | € million | € million | € million | |
| Sales (external) | 3,743 | 3,720 | 3,568 | 3,346 | 3,510 | 3,690 | 3,603 | 3,376 |
| Performance Materials | 1,792 | 1,789 | 1,707 | 1,588 | 1,689 | 1,834 | 1,777 | 1,670 |
| Solutions & Specialties | 1,883 | 1,872 | 1,809 | 1,703 | 1,767 | 1,810 | 1,773 | 1,654 |
| EBITDA | 286 | 385 | 277 | 132 | 273 | 320 | 287 | 191 |
| Performance Materials1 | 173 | 302 | 85 | 16 | 103 | 196 | 125 | 145 |
| Solutions & Specialties1 | 165 | 221 | 246 | 185 | 208 | 174 | 208 | 150 |
| EBIT | 39 | 166 | 71 | (90) | 61 | 81 | 76 | (131) |
| Performance Materials1 | 29 | 158 | (52) | (126) | (35) | 59 | (11) | (55) |
| Solutions & Specialties1 | 63 | 149 | 178 | 107 | 135 | 75 | 134 | 30 |
| Financial result | (29) | (36) | (35) | (13) | (30) | (29) | (24) | (31) |
| Income before income taxes | 10 | 130 | 36 | (103) | 31 | 52 | 52 | (162) |
| Income after income taxes | (27) | 45 | (31) | (189) | (37) | (74) | 31 | (192) |
| Net income | (26) | 46 | (31) | (187) | (35) | (72) | 33 | (192) |
| Cash flows from operating activities | (19) | 149 | 490 | 377 | (23) | 19 | 262 | 612 |
| Cash outflows for additions to property, plant, equipment, and intangible assets | 120 | 159 | 182 | 304 | 106 | 166 | 150 | 359 |
| Free operating cash flow | (139) | (10) | 308 | 73 | (129) | (147) | 112 | 253 |
1 The results of the reportable Performance Materials and Solutions & Specialties segments contain the effect of intersegment sales on earnings.