Covestro Group Key Data
| 2nd quarter 2023 | 2nd quarter 2024 | Change | 1st half 2023 | 1st half 2024 | Change | |
| Sales | €3,720 million | €3,690 million | –0.8% | €7,463 million | €7,200 million | –3.5% |
| Change in sales | ||||||
| Volume | –8.0% | 9.3% | –12.5% | 10.0% | ||
| Price | –11.0% | –9.7% | –7.4% | –12.5% | ||
| Currency | –1.9% | –0.4% | –0.6% | –1.0% | ||
| Sales by region | ||||||
| EMLA1 | €1,597 million | €1,538 million | –3.7% | €3,247 million | €3,053 million | –6.0% |
| NA2 | €971 million | €915 million | –5.8% | €1,953 million | €1,784 million | –8.7% |
| APAC3 | €1,152 million | €1,237 million | 7.4% | €2,263 million | €2,363 million | 4.4% |
| EBITDA4 | €385 million | €320 million | –16.9% | €671 million | €593 million | –11.6% |
| Changes in EBITDA | ||||||
| Volume | –22.5% | 35.6% | –30.7% | 41.4% | ||
| Price | –94.5% | –92.7% | –51.6% | –139.0% | ||
| Raw material price | 63.4% | 47.8% | 18.6% | 87.2% | ||
| Currency | –3.1% | –0.8% | –1.3% | –2.4% | ||
| Other5 | 27.1% | –6.8% | 14.6% | 1.5% | ||
| EBIT6 | €166 million | €81 million | –51.2% | €205 million | €142 million | –30.7% |
| Financial result | (€36 million) | (€29 million) | –19.4% | (€65 million) | (€59 million) | –9.2% |
| Net income7 | €46 million | (€72 million) | . | €20 million | (€107 million) | . |
| Earnings per share8 | €0.24 | (€0.38) | . | €0.11 | (€0.57) | . |
| Cash flows from operating activities9 | €149 million | €19 million | –87.2% | €130 million | (€4 million) | . |
| Cash outflows for additions to property, plant, equipment and intangible assets | €159 million | €166 million | 4.4% | €279 million | €272 million | –2.5% |
| Free operating cash flow10 | (€10 million) | (€147 million) | . | (€149 million) | (€276 million) | 85.2% |
1 EMLA: Europe, Middle East, Latin America (excluding Mexico), Africa region.
2 NA: North America region (Canada, Mexico, United States).
3 APAC: Asia and Pacific region.
4 Earnings before interest, taxes, depreciation and amortization (EBITDA): EBIT plus depreciation, amortization, and impairment losses; less impairment loss reversals on property, plant and equipment and intangible assets.
5 Other changes in EBITDA such as changes in provisions for variable compensation.
6 Earnings before interest and taxes (EBIT): income after income taxes plus financial result and income taxes.
7 Net income: income after income taxes attributable to the shareholders of Covestro AG.
8 Earnings per share: according to IAS 33 (Earnings per Share), net income divided by the weighted average number of outstanding no-par value voting shares of Covestro AG. The calculation was based on 188,740,330 no-par shares for the second quarter of 2024 (previous year: 189,638,752 no-par shares) and on 188,740,330 no-par shares for the first half of 2024 (previous year: 189,792,703 no-par shares).
9 Cash flows from operating activities according to IAS 7 (Statement of Cash Flows).
10 Free operating cash flow (FOCF): cash flows from operating activities less cash outflows for additions to property, plant, equipment and intangible assets.