Earnings per ordinary share

12 Months Ended

Dec. 31, 2024

28 Earnings per ordinary share


Earnings per ordinary share
				Weighted average number
				of ordinary shares outstanding
	Amount			during the period			Per ordinary share
	(in EUR million)			(in millions)			(in EUR)
	2024	2023	2022	2024	2023	2022	2024	2023	2022
Basic earnings	5,334	4,140	12,126	3,228.7	3,562.9	3,619.1	1.65	1.16	3.35
Basic earnings from continuing operations	5,334	4,140	12,126				1.65	1.16	3.35

Effect of dilutive instruments:
Share plans				0.0	2.4	5.2
				0.0	2.4	5.2

Diluted earnings	5,334	4,140	12,126	3,228.7	3,565.3	3,624.3	1.65	1.16	3.35
Diluted earnings from continuing operations	5,334	4,140	12,126				1.65	1.16	3.35

Earnings per ordinary share is calculated on the basis of the weighted average number of ordinary shares outstanding. In calculating the weighted average number of ordinary shares outstanding, own shares held by group companies (including share buyback programmes) are deducted from the total number of ordinary shares in issue.

Dilutive instruments
Diluted earnings per share is calculated as if the share plans outstanding at the end of the period had been exercised at the beginning of the period and assuming that the cash received from dilutive instruments (if any) is used to buy own shares against the average market price during the period. The net increase in the number of shares resulting from exercising share plans is added to the average number of shares used for the calculation of diluted earnings per share.