FAQs

How are the earnings per share and the diluted earnings per share calculated?

Earnings per share

Earnings per share (EPS) is a frequently used financial tool.

In accordance with the International Financial Reporting Standards (IFRS) used by STADA, we calculate our earnings per share by dividing our consolidated net income by the number of our shares.

If the number of shares changes during the reporting period, for example as a result of a capital increase, IFRS stipulates that earnings per share should be calculated by dividing consolidated net income by the average number of shares during the reporting period.

Pursuant to IAS 33 § 20 in conjunction with IAS 33 § 22, a capital increase from existing funds changes the average number of shares without any concomitant change in the level of resources. The number of common shares in issue prior to the capital increase is adjusted in accordance with the proportional change in the number of common shares in issue after the share issue as if the event (the de-facto 1:1 stock split) had occurred at the beginning of the period under review. For the purposes of historical comparison, the historical figure for the average number of shares in each financial year ending prior to the conversion date will be doubled to adjust for the 1:1 stock split when calculating the earnings per share.

The average number of shares (after deducting STADA's own shares) was:

	2011	2010	2009	2008
1st quarter	58,777,667	58,747,293	58,652,785	58,607,901
2nd quarter	58,806,001	58,757,116	58,655,352	58,622,791
1st half year	58,791,834	58,752,205	58,654,069	58,615,346
3rd quarter	58,867,537	58,774,273	58,655,522	58,647,693
9 months	58,817,068	58,759,561	58,654,553	58,626,128
4th quarter	58,869,631	58,775,287	58,685,910	58,649,700
12 months	58,830,209	58,763,492	58,662,392	58,632,021

The exact rules for calculating earnings per share (EPS) according to IAS 33.10 can be found here

Diluted earnings per share

Diluted earnings per share (EPS diluted) is another frequently used financial tool, which takes account of the outstanding options.

The exact rules for calculating diluted earnings per share (EPS diluted) according to IAS 33.31 can be found here

As the calculation indicates, the diluted number of shares used in the computation is also dependent on the respective stock price on the qualifying date.

The average number of shares (including potentially diluted shares and after deducting STADA's own shares) was:

	2011	2010	2009	2008
1st quarter	60,192,609	60,096,130	58,652,785	60,964,889
2nd quarter	60,282,981	60,326,057	58,655,352	60,956,903
1st half year	60,221,735	60,212,673	58,654,069	60,949,458
3rd quarter	59,940,708	59,976,139	58,764,691	60,166,351
9 months	60,136,201	60,137,887	58,654,553	60,144,786
4th quarter	59,127,487	59,825,251	59,555,995	59,366,925
12 months	59,971,033	60,068,602	58,921,689	59,349,246

Company profile

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Disclosures to WpHG/WpPG

Notices in accordance with the German Securities Trading Act (WpHG) as well as the annual document and the annual financial statements of STADA Arzneimittel AG can be viewed here. More