Covestro Q1 Report 2023

Group sales were down 20.1% in the first quarter of 2023, to €3,743 million (previous year: €4,683 million). The decline in sales was due to lower volumes sold and this had a lowering effect on sales of 16.8%, especially because of weaker demand and availability constraints in the EMLA region. Another factor was the lower selling price level, which had a reducing effect of 3.9% on sales, affecting especially the APAC and NA regions. Exchange rate changes had a positive effect on sales, increasing them by 0.6%.