6.21 Earnings per share

Basic earnings per ordinary share

In 2024, earnings after tax per weighted average share amounted to € 3.31 (2023: € 2.40). The calculation is based on the result after tax attributable to the holders of (depositary receipts for) ordinary shares and the weighted average number of ordinary shares that were outstanding in the financial year.

Result attributable to holders of ordinary shares (all operations)

x € 1 million

2024

2023

Result attributable to holders of ordinary shares after tax

90.0

59.7

Weighted average number of ordinary shares

In millions of ordinary shares

2024

2023

Ordinary shares outstanding at 1 January

26.8

23.5

Ordinary shares issued in May 2024/2023

0.4

0.6

Ordinary shares issued in September 2023

-

0.8

Weighted average number of ordinary shares at 31 December

27.2

24.9

Diluted weighted average number of shares

In millions of ordinary shares

2024

2023

Weighted average number of ordinary shares at 31 December

27.2

24.9

Dilution effect related to the award of deferred bonus ordinary shares under the Bonus Investment Share Matching Plan.

0.0

0.0

Weighted average number of ordinary shares at 31 December after dilution effects

27.2

24.9

The calculation of earnings after tax per ordinary share is based on the weighted average number of ordinary shares during the year, which was 27,210 thousand in 2024. The calculation of diluted earnings after tax per ordinary share takes into account the dilution related to the conditional award of 24 thousand deferred bonus shares under the Bonus Investment Share Matching Plan (see note ‘6.29 Joint operations and related parties’).

Dividend distributed per ordinary share in the financial year

In 2024, a dividend payment of € 0.89 was made per issued share at the end of the previous financial year (2023: € 1.01 dividend over the number of shares issued at year-end 2022).