| 1st quarter 2024 | 1st quarter 2025 | Change | |
| Sales | €3,510 million | €3,477 million | –0.9% |
| Change in sales | |||
| Volume | 10.9% | –0.4% | |
| Price | –15.4% | –1.1% | |
| Currency | –1.7% | 0.6% | |
| Sales by region | |||
| EMLA1 | €1,515 million | €1,522 million | 0.5% |
| NA2 | €869 million | €888 million | 2.2% |
| APAC3 | €1,126 million | €1,067 million | –5.2% |
| EBITDA4 | €273 million | €137 million | –49.8% |
| Changes in EBITDA5 | |||
| Volume | 48.6% | 11.0% | |
| Price | –201.4% | –14.7% | |
| Raw material price | 140.2% | –12.1% | |
| Currency | –4.5% | 2.6% | |
| Other6 | 12.6% | –36.6% | |
| EBIT7 | €61 million | (€97 million) | . |
| Financial result | (€30 million) | (€44 million) | 46.7% |
| Net income8 | (€35 million) | (€160 million) | 357.1% |
| Earnings per share9 | (€0.19) | (€0.85) | 347.4% |
| Cash flows from operating activities10 | (€23 million) | (€73 million) | 217.4% |
| Cash outflows for additions to property, plant, equipment and intangible assets | €106 million | €180 million | 69.8% |
| Free operating cash flow11 | (€129 million) | (€253 million) | 96.1% |
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 Since January 1, 2025, certain distribution expenses have been shown in the “Raw material price” item and no longer in the “Other” item. The prior-year figure has not been adjusted.
6 Other changes in EBITDA.
7 Earnings before interest and taxes (EBIT): income after income taxes plus financial result and income taxes.
8 Net income: income after income taxes attributable to the shareholders of Covestro AG.
9 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 for the first quarter of 2025 was based on 188,740,330 no-par value shares (previous year: 188,740,330 no-par value shares).
10 Operating cash flows: cash flows from operating activities according to IAS 7 (Statement of Cash Flows).
11 Free operating cash flow (FOCF): cash flows from operating activities less cash outflows for additions to property, plant, equipment and intangible assets.