[16] Earnings per share

Basic earnings per share (€1.81; 2019: €3.86) is calculated by dividing the net income accruing to the KION GROUP AG shareholders by the weighted average number of shares outstanding during the reporting period (2020: 118.9 million no-par-value shares; 2019: 117.9 million no-par-value shares). The net income accruing to the shareholders of KION GROUP AG was €215.3 million in 2020 (2019: €454.8 million).

Diluted earnings per share (€1.81; 2019: €3.86) is calculated by adding the potential dilutive no-par-value shares that employees can obtain for free under the Employee Equity Program (KEEP) to the weighted average number of shares outstanding during the reporting period. The calculation of diluted earnings per share was based on a weighted average of 118.9 million no-par-value shares issued (2019: 117.9 million no-par-value shares).