Earning per Share

Earnings per share (“EPS”) are calculated by:

  • dividing the profit for the period attributable to holders of ordinary shares by the average number of ordinary shares outstanding in the period, net of treasury shares (basic EPS);
  • dividing the profit for the year by the average number of ordinary shares and those that could arise from the exercise of all options under stock option plans, net of treasury shares (diluted EPS).
Basic EPS For the first half of 2014 For the first half of 2013
Average shares outstanding during the period 179,998,651 179,998,914
Profit for the period (€’000) 36,298 32,367
Basic EPS and diluited EPS 0.2 0.18*
* Recalculated following the bonus issue of 15 July 2013.

For comparative purposes, the EPS was recalculated for 2013. Specifically, the average number of ordinary shares outstanding in the year was recounted.
This was necessary following the fourth instalment of the bonus issue on 15 July 2013, when 20,000,000 newlyissuedshares with a nominal amount of €0.50 each were freely allocated to the existing shareholders at that date,in the ratio of one new share to every eight shares held.

Registered Office: 16151 Genoa Via Paolo Mantovani, 3 - 5
Paid-in Share Capital EUR 100,000,000 R.E.A. n. 421689 Register of Enterprises of Genoa Tax Code 01371160662
A Finmeccanica Company