Segment Information
| Segment information 3rd quarter | ||||||||
|---|---|---|---|---|---|---|---|---|
| Performance Materials | Solutions & Specialties | Others /Reconciliation | Covestro Group | |||||
| 3rd quarter 2023 | 3rd quarter 2024 | 3rd quarter 2023 | 3rd quarter 2024 | 3rd quarter 2023 | 3rd quarter 2024 | 3rd quarter 2023 | 3rd quarter 2024 | |
| € million | € million | € million | € million | € million | € million | € million | € million | |
| Sales (external) | 1,707 | 1,777 | 1,809 | 1,773 | 52 | 53 | 3,568 | 3,603 |
| Intersegment sales | 542 | 591 | 6 | 7 | (548) | (598) | – | – |
| Sales (total) | 2,249 | 2,368 | 1,815 | 1,780 | (496) | (545) | 3,568 | 3,603 |
| Change in sales | ||||||||
| Volume | –2.4% | 8.6% | –3.7% | 3.9% | – | – | –3.8% | 6.1% |
| Price | –19.9% | –3.6% | –8.9% | –4.9% | – | – | –14.3% | –4.2% |
| Currency | –4.4% | –0.9% | –5.0% | –1.0% | – | – | –4.6% | –0.9% |
| Sales by region | ||||||||
| EMLA | 695 | 779 | 653 | 640 | 39 | 41 | 1,387 | 1,460 |
| NA | 465 | 452 | 461 | 434 | 10 | 8 | 936 | 894 |
| APAC | 547 | 546 | 695 | 699 | 3 | 4 | 1,245 | 1,249 |
| EBITDA1 | 85 | 125 | 246 | 208 | (54) | (46) | 277 | 287 |
| EBIT1 | (52) | (11) | 178 | 134 | (55) | (47) | 71 | 76 |
| Depreciation, amortization, impairment losses and impairment loss reversals | 137 | 136 | 68 | 74 | 1 | 1 | 206 | 211 |
| Cash flows from operating activities | 438 | 199 | 247 | 162 | (195) | (99) | 490 | 262 |
| Cash outflows for additions to property, plant, equipment and intangible assets | 121 | 88 | 62 | 61 | (1) | 1 | 182 | 150 |
| Free operating cash flow | 317 | 111 | 185 | 101 | (194) | (100) | 308 | 112 |
| Trade working capital2 | 1,163 | 1,055 | 1,669 | 1,594 | (24) | (19) | 2,808 | 2,630 |
1 EBITDA and EBIT include the effect on earnings of intersegment sales.
2 Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of September 30, 2023/2024.
| Segment information first nine months | ||||||||
|---|---|---|---|---|---|---|---|---|
| Performance Materials | Solutions & Specialties | Others /Reconciliation | Covestro Group | |||||
| 1st nine months 2023 | 1st nine months 2024 | 1st nine months 2023 | 1st nine months 2024 | 1st nine months 2023 | 1st nine months 2024 | 1st nine months 2023 | 1st nine months 2024 | |
| € million | € million | € million | € million | € million | € million | € million | € million | |
| Sales (external) | 5,288 | 5,300 | 5,564 | 5,350 | 179 | 153 | 11,031 | 10,803 |
| Intersegment sales | 1,706 | 1,718 | 21 | 20 | (1,727) | (1,738) | – | – |
| Sales (total) | 6,994 | 7,018 | 5,585 | 5,370 | (1,548) | (1,585) | 11,031 | 10,803 |
| Change in sales | ||||||||
| Volume | –10.4% | 13.6% | –8.0% | 4.9% | – | – | –9.5% | 8.7% |
| Price | –14.1% | –12.4% | –5.3% | –7.7% | – | – | –9.7% | –9.8% |
| Currency | –1.8% | –1.0% | –2.2% | –1.0% | – | – | –2.0% | –1.0% |
| Sales by region | ||||||||
| EMLA | 2,347 | 2,363 | 2,144 | 2,029 | 143 | 121 | 4,634 | 4,513 |
| NA | 1,430 | 1,320 | 1,433 | 1,335 | 26 | 23 | 2,889 | 2,678 |
| APAC | 1,511 | 1,617 | 1,987 | 1,986 | 10 | 9 | 3,508 | 3,612 |
| EBITDA1 | 560 | 424 | 632 | 590 | (244) | (134) | 948 | 880 |
| EBIT1 | 135 | 13 | 390 | 344 | (249) | (139) | 276 | 218 |
| Depreciation, amortization, impairment losses and impairment loss reversals | 425 | 411 | 242 | 246 | 5 | 5 | 672 | 662 |
| Cash flows from operating activities | 483 | 219 | 447 | 303 | (310) | (264) | 620 | 258 |
| Cash outflows for additions to property, plant, equipment and intangible assets | 300 | 270 | 160 | 144 | 1 | 8 | 461 | 422 |
| Free operating cash flow | 183 | (51) | 287 | 159 | (311) | (272) | 159 | (164) |
| Trade working capital2 | 1,163 | 1,055 | 1,669 | 1,594 | (24) | (19) | 2,808 | 2,630 |
1 EBITDA and EBIT include the effect on earnings of intersegment sales.
2 Trade working capital includes inventories plus trade accounts receivable and contract assets, less trade accounts payable, contract liabilities, and refund liabilities as of September 30, 2023/2024.