2.8ACQUISITION AND DISPOSAL OF OWN SHARES
As of 31 December 2015, DIA held 8.2 million shares as treasury stock (1.3% of the equity) for the purpose of covering the different remuneration commitments the company has with directors and management.
TREASURY STOCK & EPS
| (EURm) |
2014 |
2015 |
INC |
| Number of shares outstanding at year-end |
651,070,558 |
622,456,513 |
-4.4% |
| Average number of treasury shares |
7,647,083 |
18,069,243 |
136.3% |
| End of period number of treasury shares |
11,508,762 |
8,183,782 |
-28.9% |
| WEIGHTED AVERAGE NUMBER OF SHARES |
643,423,475 |
625,945,797 |
-2.7% |
| Reported EPS |
€0.512 |
€0.478 |
-6.6% |
| Underlying EPS |
€0.415 |
€0.406 |
-2.2% |
Underlying EPS decreased by 2.2% in 2015 to EUR0.406, while at constant currency it declined by 1.1%. With this 2015 underlying EPS, the total CAGR 2012-15 was 12.2% in current terms and 14.1% ex-currency. These growth rates are well ahead of the double-digit growth (ex-currency) that DIA targeted for the 2012-15 three-year period.