Covestro Half-Year Report 2023

In the second quarter of 2023, Group sales were down by 20.9% to €3,720 million (previous year: €4,703 million).
This was mainly due to a significant drop in the selling price level, which had a negative impact on sales of 11.0%,
as well as to lower volumes sold, with a lowering effect on sales of 8.0%. These trends were driven above all by
the unfavorable global demand situation and availability constraints, especially in the EMLA region. In addition,
exchange rate movements had a reducing effect on sales of 1.9%.