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(29) Earnings per share

Basic and diluted earnings per share are calculated by dividing the net income attributable to the shares by the average number of shares outstanding; own shares are not taken into account in this calculation. The earnings per share are the same for both common and preferred shares.

Earnings per share

 

2008

2007

1

Proposal for fiscal 2008.

Net income

€ million

2,558

2,667

Number of shares outstanding (weighted average)

thousands

538,364

562,373

Basic and diluted earnings per common and preferred share

4.75

4.74

Dividend per share

4.501

3.15