Adjusted earnings per share
- At €5.00, adjusted earnings per share down by €0.44
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 2015, adjusted earnings per share amounted to €5.00 compared with €5.44 in the previous year.
Adjusted earnings per share (in million €) |
||||
|---|---|---|---|---|
|
|
|
2015 |
2014 |
Income before taxes and minority interests |
|
|
5,548 |
7,203 |
Special items |
|
|
468 |
(466) |
Amortization of intangible assets |
|
|
801 |
647 |
Amortization of intangible assets contained in special items |
|
|
(200) |
(55) |
Adjusted income before taxes and minority interests |
|
|
6,617 |
7,329 |
Adjusted income taxes |
|
|
(1,716) |
(1,973) |
Adjusted income before minority interests |
|
|
4,901 |
5,356 |
Adjusted minority interests |
|
|
(312) |
(357) |
Adjusted net income |
|
|
4,589 |
4,999 |
|
|
|
|
|
Weighted average number of outstanding shares |
|
(in thousands) |
918,479 |
918,479 |
Adjusted earnings per share |
|
(€) |
5.00 |
5.44 |
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.