12. Earnings per Share

Earnings per share is calculated by dividing the result for the year attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year.

in thousands of EUR (unless stated otherwise)

2016

2015

Result for the year attributable to equity holders of the parent

231,360

212,730

Average number of outstanding ordinary shares

252,623,738

252,427,917

Diluted average number of outstanding ordinary shares

254,367,168

254,443,792

Earnings per share, basic (in EUR per share)

0.92

0.84

Earnings per share, diluted (in EUR per share)

0.91

0.84