2023 universal registration document

5. 2023 Consolidated Financial Statements

11.4.1. Reconciliation with net profit

Net profit excluding non-recurring items reconciles as follows with net profit attributable to owners of the company:

€ millions 2023 2022 2021
Net profit from attributable to owners of the company Net profit from attributable to owners of the company

2023

6,184.0
Net profit from attributable to owners of the company20225,706.6 Net profit from attributable to owners of the company20214,597.1
Capital gains and losses on property, plant and equipment and intangible assets

Capital gains and losses on property, plant and equipment and intangible assets

2023

6.7

Capital gains and losses on property, plant and equipment and intangible assets

2022

7.4

Capital gains and losses on property, plant and equipment and intangible assets

2021

0.4

Impairment of property, plant and equipment and intangible assets

Impairment of property, plant and equipment and intangible assets

2023

270.6

Impairment of property, plant and equipment and intangible assets

2022

39.0

Impairment of property, plant and equipment and intangible assets

2021

337.5

Restructuring costs

Restructuring costs

2023

88.5

Restructuring costs

2022

172.6

Restructuring costs

2021

149.6

Other

Other

2023

84.1

Other

2022

22.5

Other

2021

-55.5

Tax effect on non-recurring items

Tax effect on non-recurring items

2023

-100.7

Tax effect on non-recurring items

2022

-52.6

Tax effect on non-recurring items

2021

-104.4

Non-controlling interests on non-recurring items

Non-controlling interests on non-recurring items

2023

-0.2

Non-controlling interests on non-recurring items

2022

Non-controlling interests on non-recurring items

2021

-0.4

Tax effect on acquisitions and internal restructuring

Tax effect on acquisitions and internal restructuring

2023

-46.5

Tax effect on acquisitions and internal restructuring

2022

158.5

Tax effect on acquisitions and internal restructuring

2021

14.2

NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON‑RECURRING ITEMS

NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON‑RECURRING ITEMS

2023

6,486.6

NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON‑RECURRING ITEMS

20226,054.1

NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON‑RECURRING ITEMS

20214,938.5
11.4.2. Earnings per share attributable to owners of the company

The tables below set out earnings per share attributable to owners of the company:

2023 Net profit – attributable to owners of the company (€ millions) Number of shares Earnings per share attributable to owners of the company (€)
Earnings per share

Earnings per share

Net profit – attributable to owners of the company (€ millions)

6,184.0

Earnings per share

Number of shares

535,428,641

Earnings per share

Earnings per share attributable to owners of the company (€)

11.55

Stock options

Stock options

Net profit – attributable to owners of the company (€ millions)

Stock options

Number of shares

Stock options

Earnings per share attributable to owners of the company (€)

Free shares

Free shares

Net profit – attributable to owners of the company (€ millions)

Free shares

Number of shares

1,592,398

Free shares

Earnings per share attributable to owners of the company (€)

DILUTED EARNINGS PER SHARE DILUTED EARNINGS PER SHARENet profit – attributable to owners of the company (€ millions)6,184.0 DILUTED EARNINGS PER SHARENumber of shares537,021,039 DILUTED EARNINGS PER SHAREEarnings per share attributable to owners of the company (€)11.52
2022 Net profit – attributable to owners of the company (€ millions) Number of shares Earnings per share attributable to owners of the company (€)
Earnings per share

Earnings per share

Net profit – attributable to owners of the company (€ millions)

5,706.6

Earnings per share

Number of shares

535,898,659

Earnings per share

Earnings per share attributable to owners of the company (€)

10.65

Stock options

Stock options

Net profit – attributable to owners of the company (€ millions)

Stock options

Number of shares

Stock options

Earnings per share attributable to owners of the company (€)

Free shares

Free shares

Net profit – attributable to owners of the company (€ millions)

Free shares

Number of shares

1,758,889

Free shares

Earnings per share attributable to owners of the company (€)

DILUTED EARNINGS PER SHARE DILUTED EARNINGS PER SHARENet profit – attributable to owners of the company (€ millions)5,706.6 DILUTED EARNINGS PER SHARENumber of shares537,657,548 DILUTED EARNINGS PER SHAREEarnings per share attributable to owners of the company (€)10.61
2021 Net profit – attributable to owners of the company (€ millions) Number of shares Earnings per share attributable to owners of the company (€)
Earnings per share

Earnings per share

Net profit – attributable to owners of the company (€ millions)

4,597.1

Earnings per share

Number of shares

557,600,698

Earnings per share

Earnings per share attributable to owners of the company (€)

8.24

Stock options

Stock options

Net profit – attributable to owners of the company (€ millions)

Stock options

Number of shares

55,463

Stock options

Earnings per share attributable to owners of the company (€)

Free shares

Free shares

Net profit – attributable to owners of the company (€ millions)

Free shares

Number of shares

2,135,384

Free shares

Earnings per share attributable to owners of the company (€)

DILUTED EARNINGS PER SHARE DILUTED EARNINGS PER SHARENet profit – attributable to owners of the company (€ millions)4,597.1 DILUTED EARNINGS PER SHARENumber of shares559,791,545 DILUTED EARNINGS PER SHAREEarnings per share attributable to owners of the company (€)8.21
11.4.3. Earnings per share excluding non-recurring items

The tables below set out in detail earnings per share excluding non-recurring items:

2023 Net profit attributable to owners of the company excluding non-recurring items (€ millions) Number of shares Earnings per share attributable to owners of the company excluding non-recurring items (€ millions)
Earnings per share excluding non-recurring items

Earnings per share excluding

non-recurring

items

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

6,486.6

Earnings per share excluding

non-recurring

items

Number of shares

535,428,641

Earnings per share excluding

non-recurring

items

Earnings per share attributable to owners of the company excluding non-recurring items (€ millions)

12.11

Stock options

Stock options

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

Stock options

Number of shares

Stock options

Earnings per share attributable to owners of the company excluding non-recurring items (€ millions)

Free shares

Free shares

Net profit attributable to owners of the company excluding non-recurring items (€ millions)

Free shares

Number of shares

1,592,398

Free shares

Earnings per share attributable to owners of the company excluding non-recurring items (€ millions)

DILUTED EARNINGS PER SHARE EXCLUDING NON-RECURRING ITEMS

DILUTED EARNINGS PER SHARE EXCLUDING

NON-RECURRING

ITEMS

Net profit attributable to owners of the company excluding non-recurring items (€ millions)6,486.6

DILUTED EARNINGS PER SHARE EXCLUDING

NON-RECURRING

ITEMS

Number of shares

537,021,039

DILUTED EARNINGS PER SHARE EXCLUDING

NON-RECURRING

ITEMS

Earnings per share attributable to owners of the company excluding non-recurring items (€ millions)12.08