Covestro Group Consolidated Income Statement – Covestro Quarterly Financial Report on October 29th 2024

Covestro Group Consolidated Income Statement

3rd quarter 2023 3rd quarter 2024 1st nine months 2023 1st nine months 2024
€ million € million € million € million
Sales 3,568 3,603 11,031 10,803
Cost of goods sold (3,011) (3,032) (9,157) (8,988)
Gross profit 557 571 1,874 1,815
Selling expenses (366) (368) (1,130) (1,144)
Research and development expenses (86) (85) (284) (274)
General administration expenses (84) (77) (263) (230)
Other operating income 80 47 228 100
Other operating expenses (30) (12) (149) (49)
EBIT1 71 76 276 218
Equity-method loss (5) (2) (17) (2)
Result from other affiliated companies 1 2 1 2
Interest income 19 14 53 43
Interest expense (44) (39) (127) (111)
Other financial result (6) 1 (10) (15)
Financial result (35) (24) (100) (83)
Income before income taxes 36 52 176 135
Income taxes (67) (21) (189) (215)
Income after income taxes (31) 31 (13) (80)
attributable to noncontrolling interest (2) (2) (6)
attributable to Covestro AG shareholders (net income) (31) 33 (11) (74)
Basic /Diluted earnings per share2 (0.16) 0.17 (0.06) (0.39)

1 Earnings before interest and taxes (EBIT): income after income taxes plus financial result and income taxes.

2 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 third quarter of 2024 was based on 188,740,330 no-par value shares (previous year: 188,740,330 no-par value shares) and on 188,740,330 no-par value shares for the first nine months of 2024 (previous year: 189,438,057 no-par value shares).