13. Earnings per share

Basic EPS is the profit or loss attributable to ordinary shareholders of the Company divided by the weighted average number of ordinary shares outstanding during the year. Diluted EPS adjusts both the profit or loss attributable to ordinary shareholders of the Company and the weighted average number of ordinary shares for the effect of dilution. Basic EPS and diluted EPS from continued operations solely include the profit or loss from continued operations.

2025

2024

Weighted average number of ordinary shares in issue (x 1,000)

260,414

268,969

Net result attributable to shareholders

210,990

82,248

Basic earnings per share (in €)

0.81

0.31

Net result from continued operations attributable to shareholders

210,990

62,179

Basic earnings per share from continued operations (in €)

0.81

0.23

Net result from discontinued operations attributable to shareholders

-

20,069

Basic earnings per share from discontinued operations (in €)

-

0.07

Diluted weighted average number of ordinary shares in issue (x 1,000)

263,489

270,597

Diluted earnings per share (in €)

0.80

0.30

Diluted earnings per share from continued operations (in €)

0.80

0.23

Diluted earnings per share from discontinued operations (in €)

-

0.07

The dilution effect to the number of ordinary shares is 3.1 million shares (2024: 1.6 million) and relates to share-based payment plans. It represents the number of shares that would vest at the balance sheet date if that would be the end of the vesting period. There is no dilution effect on the Group’s result.