Earnings per share

Earnings per share for the third quarters and first-nine-month periods of 2013 and 2014 were calculated on the basis of the number of shares outstanding at the ends of the respective periods. They are derived solely from continuing operations. The capital increase effected in the second quarter of 2014 was included in the calculation pro rata temporis. Since there are currently no equity instruments in issue that could dilute earnings per share, basic and diluted earnings per share are identical. For more information about equity instruments that could dilute earnings per share in the future, readers are referred to the notes to the consolidated financial statements as of December 31, 2013.

Earnings per Share
 
  Q3 2013 Q3 2014 Change % 9M 2013 9M 2014 Change %
             
Net income (€ million) 11 35 > 100 45 115 > 100
Number of outstanding shares 1) 83,202,670 91,522,936 10.0 83,202,670 87,455,250 5.1
Earnings per share in € (undiluted/diluted) 0.13 0.38 > 100 0.54 1.31 > 100
1) Weighted average number of ordinary shares in issue; capital increase accounted for pro rata temporis