| Segment information 2nd quarter | ||||||||
|---|---|---|---|---|---|---|---|---|
| Performance Materials | Solutions & Specialties | Others /Reconciliation | Covestro Group | |||||
| 2nd quarter 2024 | 2nd quarter 2025 | 2nd quarter 2024 | 2nd quarter 2025 | 2nd quarter 2024 | 2nd quarter 2025 | 2nd quarter 2024 | 2nd quarter 2025 | |
| € million | € million | € million | € million | € million | € million | € million | € million | |
| Sales (external) | 1,834 | 1,618 | 1,810 | 1,713 | 46 | 48 | 3,690 | 3,379 |
| Intersegment sales | 571 | 528 | 6 | 7 | (577) | (535) | – | – |
| Sales (total) | 2,405 | 2,146 | 1,816 | 1,720 | (531) | (487) | 3,690 | 3,379 |
| Change in sales | ||||||||
| Volume | 15.0% | –2.2% | 4.8% | 1.0% | – | – | 9.3% | –0.4% |
| Price | –12.0% | –6.6% | –7.7% | –3.0% | – | – | –9.7% | –4.8% |
| Currency | –0.5% | –3.0% | –0.4% | –3.4% | – | – | –0.4% | –3.2% |
| Sales by region | ||||||||
| EMLA | 822 | 673 | 679 | 640 | 37 | 36 | 1,538 | 1,349 |
| NA | 451 | 464 | 457 | 438 | 7 | 9 | 915 | 911 |
| APAC | 561 | 481 | 674 | 635 | 2 | 3 | 1,237 | 1,119 |
| EBITDA1 | 196 | 149 | 174 | 175 | (50) | (54) | 320 | 270 |
| EBIT1 | 59 | 1 | 75 | 104 | (53) | (56) | 81 | 49 |
| Depreciation, amortization, impairment losses and impairment loss reversals | 137 | 148 | 99 | 71 | 3 | 2 | 239 | 221 |
| Cash flows from operating activities | 19 | (49) | 88 | 108 | (88) | (102) | 19 | (43) |
| Cash outflows for additions to property, plant, equipment and intangible assets | 108 | 123 | 52 | 52 | 6 | 10 | 166 | 185 |
| Free operating cash flow | (89) | (172) | 36 | 56 | (94) | (112) | (147) | (228) |
| Trade working capital2 | 1,199 | 1,155 | 1,614 | 1,491 | (19) | (11) | 2,794 | 2,635 |
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 June 30, 2024/2025.
| Segment information 1st half | ||||||||
|---|---|---|---|---|---|---|---|---|
| Performance Materials | Solutions & Specialties | Others /Reconciliation | Covestro Group | |||||
| 1st half 2024 |
1st half 2025 |
1st half 2024 |
1st half 2025 |
1st half 2024 |
1st half 2025 |
1st half 2024 |
1st half 2025 | |
| € million | € million | € million | € million | € million | € million | € million | € million | |
| Sales (external) | 3,523 | 3,295 | 3,577 | 3,458 | 100 | 103 | 7,200 | 6,856 |
| Intersegment sales | 1,127 | 1,066 | 13 | 13 | (1,140) | (1,079) | – | – |
| Sales (total) | 4,650 | 4,361 | 3,590 | 3,471 | (1,040) | (976) | 7,200 | 6,856 |
| Change in sales | ||||||||
| Volume | 16.2% | –2.1% | 5.3% | 1.1% | – | – | 10.0% | –0.5% |
| Price | –16.7% | –3.1% | –9.0% | –3.0% | – | – | –12.5% | –3.0% |
| Currency | –1.1% | –1.3% | –1.0% | –1.4% | – | – | –1.0% | –1.3% |
| Sales by region | ||||||||
| EMLA | 1,584 | 1,475 | 1,389 | 1,317 | 80 | 79 | 3,053 | 2,871 |
| NA | 868 | 894 | 901 | 886 | 15 | 19 | 1,784 | 1,799 |
| APAC | 1,071 | 926 | 1,287 | 1,255 | 5 | 5 | 2,363 | 2,186 |
| EBITDA1 | 299 | 162 | 382 | 356 | (88) | (111) | 593 | 407 |
| EBIT1 | 24 | (143) | 210 | 210 | (92) | (115) | 142 | (48) |
| Depreciation, amortization, impairment losses and impairment loss reversals | 275 | 305 | 172 | 146 | 4 | 4 | 451 | 455 |
| Cash flows from operating activities | 20 | (62) | 141 | 158 | (165) | (212) | (4) | (116) |
| Cash outflows for additions to property, plant, equipment and intangible assets | 182 | 234 | 83 | 113 | 7 | 18 | 272 | 365 |
| Free operating cash flow | (162) | (296) | 58 | 45 | (172) | (230) | (276) | (481) |
| Trade working capital2 | 1,199 | 1,155 | 1,614 | 1,491 | (19) | (11) | 2,794 | 2,635 |
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 June 30, 2024/2025.
| Quarterly Overview | ||||||
|---|---|---|---|---|---|---|
| 1st quarter 2024 |
2nd quarter 2024 |
3rd quarter 2024 |
4th quarter 2024 |
1st quarter 2025 |
2nd quarter 2025 | |
| € million | € million | € million | € million | € million | € million | |
| Sales (external) | 3,510 | 3,690 | 3,603 | 3,376 | 3,477 | 3,379 |
| Performance Materials | 1,689 | 1,834 | 1,777 | 1,670 | 1,677 | 1,618 |
| Solutions & Specialties | 1,767 | 1,810 | 1,773 | 1,654 | 1,745 | 1,713 |
| EBITDA | 273 | 320 | 287 | 191 | 137 | 270 |
| Performance Materials1 | 103 | 196 | 125 | 145 | 13 | 149 |
| Solutions & Specialties1 | 208 | 174 | 208 | 150 | 181 | 175 |
| EBIT | 61 | 81 | 76 | (131) | (97) | 49 |
| Performance Materials1 | (35) | 59 | (11) | (55) | (144) | 1 |
| Solutions & Specialties1 | 135 | 75 | 134 | 30 | 106 | 104 |
| Financial result | (30) | (29) | (24) | (31) | (44) | (38) |
| Income before income taxes | 31 | 52 | 52 | (162) | (141) | 11 |
| Income after income taxes | (37) | (74) | 31 | (192) | (161) | (59) |
| Net income | (35) | (72) | 33 | (192) | (160) | (59) |
| Cash flows from operating activities | (23) | 19 | 262 | 612 | (73) | (43) |
| Cash outflows for additions to property, plant, equipment and intangible assets | 106 | 166 | 150 | 359 | 180 | 185 |
| Free operating cash flow | (129) | (147) | 112 | 253 | (253) | (228) |
1 The earnings of the Performance Materials and Solutions & Specialties reportable segments include the effect of intersegment sales on earnings.