Note 10: Earnings per share
Profit for the period attributable to the shareholders of the company was €352 million (2021: €829 million).
In € millions |
2021 |
2022 |
|---|---|---|
Profit before tax from continuing operations |
1,105 |
602 |
Income tax |
(246) |
(214) |
Profit from continuing operations |
859 |
388 |
Profit for the period attributable to non-controlling interests |
(36) |
(26) |
Profit for the period from continuing operations attributable to shareholders of the company |
823 |
362 |
Profit for the period from discontinued operations attributable to shareholders of the company |
6 |
(10) |
Profit for the period attributable to shareholders of the company |
829 |
352 |
The number of shares for the earnings per share calculation decreased as a result of the share buyback programs of 2021 and 2022.
Number of shares |
2021 |
2022 |
|---|---|---|
Issued common shares at January 1 |
190,579,841 |
181,609,509 |
Effect of issued common shares during the year |
225,806 |
186,077 |
Effect of share buyback program |
(5,845,781) |
(7,060,447) |
Shares for basic earnings per share for the year |
184,959,866 |
174,735,139 |
|
|
|
Effect of dilutive shares |
|
|
For performance-related and restricted shares |
714,114 |
575,108 |
For share-matching plan |
— |
3,251 |
Shares for diluted earnings per share |
185,673,980 |
175,313,498 |
in € |
2021 |
2022 |
|---|---|---|
Continuing operations |
|
|
Basic |
4.45 |
2.07 |
Diluted |
4.43 |
2.06 |
Discontinued operations |
|
|
Basic |
0.03 |
(0.06) |
Diluted |
0.03 |
(0.05) |
Total operations |
|
|
Basic |
4.48 |
2.01 |
Diluted |
4.46 |
2.01 |
Refer to Note 4 for the calculation of adjusted earnings per share.
Net income attributable to shareholders divided by the weighted average number of common shares outstanding during the year. Adjusted earnings per share are the basic earnings per share, excluding identified items and taxes thereon.