During the past financial year, HeidelbergCement launched a share buyback programme for the first time in the company’s history, with a volume of up to €1 billion and a term ending on 30 September 2023. The 5,324,577 shares repurchased within the first tranche correspond to approximately 2.68% of the share capital and were initially held as treasury shares. In January 2022, all shares that were acquired within the first tranche were cancelled which led to a reduction in the total number of shares to 193,091,900.
Earnings per share in accordance with IAS 33 for the 2021 financial year was €8.91 (previous year: -10.78). Earnings per share adjusted for the additional ordinary result and the non-recurring deferred tax effects in connection with the sale of the business activities in the West region in the USA amounts to €7.91 (previous year: 6.88). The calculation of the earnings per share pursuant to IAS 33 is shown in the following table. To determine the average number of shares, additions are weighted in proportion to time.