Note 8: Earnings per share

Profit for the period

In € millions

2016*

2017

*

Represented to present the Specialty Chemicals business as discontinued operations.

Profit before tax from continuing operations

850

764

Income tax

(234)

(253)

Profit from continuing operations

616

511

Profit for the period attributable to non-controlling interests

(78)

(68)

Profit for the period from continuing operations attributable to shareholders of the company

538

443

Profit for the period from discontinued operations

436

393

Discontinued operations attributable to non-controlling interest

(4)

(4)

Profit for the period attributable to shareholders of the company

970

832

Weighted average number of shares

Number of shares

2016

2017

Issued common shares at January 1

248,976,428

252,176,412

Effect of issued common shares during the year

1,937,945

1,513,199

Effect of share repurchase program

(2,054,481)

Shares for basic earnings per share for the year

250,914,373

251,635,130

 

 

 

Effect of dilutive shares

 

 

For performance-related shares

1,054,797

1,626,796

For share-matching plan

16,468

12,825

Shares for diluted earnings per share

251,985,638

253,274,751

Earnings per share

in €

2016*

2017

*

Represented to present the Specialty Chemicals business as discontinued operations. The earnings per share for total operations is not represented.

Continuing operations

 

 

Basic

2.15

1.76

Diluted

2.14

1.75

Discontinued operations

 

 

Basic

1.72

1.55

Diluted

1.71

1.54

Total operations

 

 

Basic

3.87

3.31

Diluted

3.85

3.29

Adjusted earnings per share

Profit for the period from continuing operations

In € millions

2016*

2017

*

Represented to present the Specialty Chemicals business as discontinued operations. The earnings per share for total operations is not represented.

Profit before tax from continuing operations

850

764

Identified items reported in operating income

5

80

Amortization of intangible assets

76

74

Adjusted income tax

(256)

(207)

Non-controlling interests

(78)

(68)

Adjusted profit from continuing operations attributable to shareholders of the company

597

643

Adjusted earnings per share (in €)

2.38

2.56

Profit for the period from total operations

In € millions

2016

2017

Profit before tax from total operations

1,448

1,324

Identified items reported in
operating income

(17)

129

Amortization of intangible assets

124

120

Adjusted income tax

(431)

(395)

Non-controlling interests

(82)

(72)

Adjusted profit from total operations attributable to shareholders of the company

1,042

1,106

Adjusted earnings per share (in €)

4.15

4.40