Adjusted earnings per share

  • Adjusted earnings per share improve by €0.13 to €5.44

By eliminating special items and the amortization of intangible assets, adjusted earnings per share serves as a more suitable ratio for long-term comparability and predicting the company’s future profitability. In 2014, adjusted earnings per share amounted to €5.44 compared with €5.31 in the previous year.

Adjusted earnings per share (in million €)

 

 

 

2014

2013

Income before taxes and minority interests

 

 

7,203

6,600

Special items

 

 

(466)

(202)

Amortization of intangible assets

 

 

647

641

Amortization of intangible assets contained in special items

 

 

(55)

(4)

Adjusted income before taxes and minority interests

 

 

7,329

7,035

Adjusted income taxes

 

 

(1,973)

(1,826)

Adjusted income before minority interests

 

 

5,356

5,209

Adjusted minority interests

 

 

(357)

(328)

Adjusted net income

 

 

4,999

4,881

 

 

 

 

 

Weighted average number of outstanding shares

 

in thousands

918,479

918,479

Adjusted earnings per share

 

5.44

5.31

Adjusted income before taxes and minority interests, adjusted net income and adjusted earnings per share are key ratios that are not defined under International Financial Reporting Standards (IFRS). They should therefore be viewed as supplementary information.