Covestro Q3 Report 2023

Group sales declined by 22.7% in the third quarter of 2023, to €3,568 million (previous year: €4,618 million). The
decrease in sales was mainly due to a lower selling price level in all regions, which had a decreasing effect on
sales of 14.3%. In addition, there was a decline in volumes sold, especially in the NA and EMLA regions, with a
negative effect on sales of 3.8%. Both trends were driven above all by the unfavorable global demand situation.
Exchange rate movements also had a negative impact on sales, amounting to 4.6%.

In the third quarter of 2023, the Performance Materials segment’s EBITDA was up 60.4% on the prior-year
quarter, rising to €85 million (previous year: €53 million). This was primarily driven by higher margins, since a
decline in average selling prices was more than offset by a drop in raw material and energy prices and lower fixed
costs.