| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Cash flow hedges – interest rates | Cash flow hedges – interest rates 31.12.2024
|
Cash flow hedges – interest rates 31.12.2023
|
Cash flow hedges – interest rates 31.12.2022
|
| Reserve at beginning of period | Reserve at beginning of period 31.12.2024 (7.1) |
Reserve at beginning of period 31.12.2023 1.4 |
Reserve at beginning of period 31.12.2022 — |
| Changes in fair value over period | Changes in fair value over period 31.12.2024 18.9 |
Changes in fair value over period 31.12.2023 (8.5) |
Changes in fair value over period 31.12.2022 — |
| Changes in fair value recorded through other comprehensive income | Changes in fair value recorded through other comprehensive income 31.12.2024 — |
Changes in fair value recorded through other comprehensive income 31.12.2023 — |
Changes in fair value recorded through other comprehensive income 31.12.2022 1.4 |
| RESERVE AT END OF PERIOD | RESERVE AT END OF PERIOD 31.12.2024 11.8 |
RESERVE AT END OF PERIOD 31.12.2023 -7.1 |
RESERVE AT END OF PERIOD 31.12.2022 1.4 |
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Actuarial gains/(losses) and impact of asset ceiling | Actuarial gains/(losses) and impact of asset ceiling 31.12.2024
|
Actuarial gains/(losses) and impact of asset ceiling 31.12.2023
|
Actuarial gains/(losses) and impact of asset ceiling 31.12.2022
|
| Reserve at beginning of period | Reserve at beginning of period 31.12.2024 (422.2) |
Reserve at beginning of period 31.12.2023 (302.8) |
Reserve at beginning of period 31.12.2022 (698.3) |
| Actuarial gains/(losses) over the period | Actuarial gains/(losses) over the period 31.12.2024 153.2 |
Actuarial gains/(losses) over the period 31.12.2023 (116.7) |
Actuarial gains/(losses) over the period 31.12.2022 404.9 |
| Impact of asset ceiling | Impact of asset ceiling 31.12.2024 0.2 |
Impact of asset ceiling 31.12.2023 (2.5) |
Impact of asset ceiling 31.12.2022 (9.4) |
| Deconsolidation and other | Deconsolidation and other 31.12.2024 0.8 |
Deconsolidation and other 31.12.2023 (0.2) |
Deconsolidation and other 31.12.2022 — |
| RESERVE AT END OF PERIOD | RESERVE AT END OF PERIOD 31.12.2024 (268.0) |
RESERVE AT END OF PERIOD 31.12.2023 (422.2) |
RESERVE AT END OF PERIOD 31.12.2022 (302.8) |
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Other comprehensive income | Other comprehensive income 31.12.2024
|
Other comprehensive income 31.12.2023
|
Other comprehensive income 31.12.2022
|
| Gross reserve | Gross reserve 31.12.2024 7,482.4 |
Gross reserve 31.12.2023 6,260.5 |
Gross reserve 31.12.2022 6,592.4 |
| Associated tax effect | Associated tax effect 31.12.2024 (205.1) |
Associated tax effect 31.12.2023 (136.8) |
Associated tax effect 31.12.2022 (188.1) |
| RESERVE NET OF TAX | RESERVE NET OF TAX 31.12.2024 7,277.4 |
RESERVE NET OF TAX 31.12.2023 6,123.7 |
RESERVE NET OF TAX 31.12.2022 6,404.4 |
Accounting principles
Earnings per share are calculated in accordance with the rules set out in IAS 33.
Basic earnings per share are obtained on the basis of the weighted average number of shares outstanding during the year, less the average number of treasury shares held deducted from equity.
Where applicable, diluted earnings per share take into account dilutive stock options and free shares in accordance with the “treasury share method”, under which sums collected on exercise or purchase are assumed to be allocated firstly to share buybacks at market price.
Net profit excluding non-recurring items reconciles as follows with net profit attributable to owners of the Company:
| € millions | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net profit attributable to owners of the Company | Net profit attributable to owners of the Company 2024 6,408.7 |
Net profit attributable to owners of the Company 2023 6,184.0 |
Net profit attributable to owners of the Company 2022 5,706.6 |
| Capital gains and losses on property, plant and equipment and intangible assets | Capital gains and losses on property, plant and equipment and intangible assets 2024 15.2 |
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 |
| Impairment of property, plant and equipment and intangible assets | Impairment of property, plant and equipment and intangible assets 2024 50.8 |
Impairment of property, plant and equipment and intangible assets 2023 270.6 |
Impairment of property, plant and equipment and intangible assets 2022 39.0 |
| Restructuring costs | Restructuring costs 2024 237.1 |
Restructuring costs 2023 88.5 |
Restructuring costs 2022 172.6 |
| Other | Other 2024 134.6 |
Other 2023 84.1 |
Other 2022 22.5 |
| Tax effect on non-recurring items | Tax effect on non-recurring items 2024 (91.6) |
Tax effect on non-recurring items 2023 (100.7) |
Tax effect on non-recurring items 2022 (52.6) |
| Non-controlling interests on non-recurring items | Non-controlling interests on non-recurring items 2024 0.1 |
Non-controlling interests on non-recurring items 2023 (0.2) |
Non-controlling interests on non-recurring items 2022 — |
| Tax effect on acquisitions and internal restructuring | Tax effect on acquisitions and internal restructuring 2024 31.4 |
Tax effect on acquisitions and internal restructuring 2023 (46.5) |
Tax effect on acquisitions and internal restructuring 2022 158.5 |
| NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS | NET PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY EXCLUDING NON-RECURRING ITEMS 2024 6,786.3 |
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 2022 6,054.1 |
