G11 Earnings per share
Basic and diluted earnings per share
|
Basic |
Diluted |
||
|---|---|---|---|---|
SEK |
2023 |
2024 |
2023 |
2024 |
Earnings per share |
12.20 |
9.76 |
12.18 |
9.75 |
The calculation of the numerators and denominators used in the above calculations of earnings per share is presented below:
MSEK |
2023 |
2024 |
|---|---|---|
Profit for the year attributable to the equity holders of the Parent Company |
15,300 |
12,243 |
|
2023 |
2024 |
|---|---|---|
Total number of ordinary shares at January 1 |
1,254,386 |
1,254,386 |
Weighted average number of shares outstanding, basic |
1,254,386 |
1,254,386 |
Effect of share options |
1,530 |
1,600 |
Weighted average number of shares outstanding, diluted |
1,255,916 |
1,255,986 |
Diluted earnings per share is related to outstanding share-based LTI programs for 2022 and 2023. For LTI program for 2024 no performance shares were allotted since the performance targets set by the Board of Directors were not met. Further information about the LTI programs are found in note G4.
§ Accounting principles
The calculation of basic earnings per share is based on the profit (loss) attributable to ordinary equity holders of the Parent Company divided by the weighted average number of ordinary shares outstanding during the year.
When calculating diluted earnings per share, the weighted average number of shares outstanding is adjusted for the effects of all dilutive potential ordinary shares, which during reported periods relates to share-based payment arrangements issued to employees. All LTI programs within Sandvik are performance-based and are regarded as giving a potential dilutive effect. The shared-based awards are dilutive if the exercise price is less than the quoted stock price and increases with the size of the difference.