Headline earnings per share (basic and diluted)
| (in millions of euros, except for share data)
|
|
2019
|
2018
|
|---|---|---|---|
(in millions of euros, except for share data) Net income used to calculate headline earnings per share* |
|
2019
|
2018
|
(in millions of euros, except for share data) Group net income |
|
2019 841 |
2018 919 |
(in millions of euros, except for share data) Items excluded: |
|
2019
|
2018
|
(in millions of euros, except for share data) • Amortization of intangibles from acquisitions, net of tax |
|
2019 153 |
2018 55 |
(in millions of euros, except for share data) • Impairment loss(2), net of tax |
|
2019 163 |
2018 103 |
(in millions of euros, except for share data) • Main capital gains and losses on disposal of assets and fair value adjustment of financial assets, net of tax |
|
2019 (21) |
2018 10 |
(in millions of euros, except for share data) • Epsilon acquisition - related costs, net of tax |
|
2019 30 |
2018
|
(in millions of euros, except for share data) • Net effect of the tax reform in the United States |
|
2019
|
2018 (18) |
(in millions of euros, except for share data) • Revaluation of earn-out payments |
|
2019 22 |
2018 13 |
(in millions of euros, except for share data) Headline Group net income |
E |
2019 1,188 |
2018 1,082 |
(in millions of euros, except for share data) Impact of dilutive instruments: |
|
2019
|
2018
|
(in millions of euros, except for share data) • Savings in financial expenses related to the conversion of debt instruments, net of tax |
|
2019 - |
2018 - |
(in millions of euros, except for share data) Headline Group net income, diluted |
F |
2019 1,188 |
2018 1,082 |
(in millions of euros, except for share data) Number of shares used to calculate earnings per share |
|
2019
|
2018
|
(in millions of euros, except for share data) Number of shares at January 1 |
|
2019 235,249,801 |
2018 230,627,725 |
(in millions of euros, except for share data) Shares created over the year |
|
2019 2,457,867 |
2018 2,426,498 |
(in millions of euros, except for share data) Treasury shares to be deducted (average for the year) |
|
2019 (3,414,634) |
2018 (3,822,546) |
(in millions of euros, except for share data) Average number of shares used for the calculation |
C |
2019 234,293,034 |
2018 229,231,677 |
(in millions of euros, except for share data) Impact of dilutive instruments: |
|
2019
|
2018
|
(in millions of euros, except for share data) • Free shares and dilutive stock options |
|
2019 1,951,354 |
2018 4,815,491 |
(in millions of euros, except for share data) • Equity warrants |
|
2019 364,209 |
2018 517,214 |
(in millions of euros, except for share data) Number of diluted shares |
D |
2019 236,608,597 |
2018 234,564,382 |
(in millions of euros, except for share data) (in euros) |
|
2019
|
2018
|
(in millions of euros, except for share data) Headline earnings per share(1) |
E/C |
2019 5.07 |
2018 4.72 |
(in millions of euros, except for share data) Headline earnings per share – diluted(1) |
F/D |
2019 5.02 |
2018 4.61 |
(1) EPS after elimination of the impairment losses, amortization of intangibles from acquisitions, the main capital gains and losses on disposal of assets, the fair value adjustment of financial assets, the revaluation of earn-out payments and the cost of the Epsilon acquisition.
(2) This amount includes impairment losses on right-of-use assets related to leases for euro 95 million in 2019 and euro 114 million in 2018.
