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ArgonPro
consulting
training
1
Challenges of Earnings
per Share (EPS)
ArgonPro
consulting
training
2
…the number of shares decreased by 14%!
• Example - Huhtamäki 2002 (Meur)
• “Earnings per s...
@TimoNurminiemi
http://www.linkedin.com/in/timonurminiemi
ArgonPro
consulting
training
@TimoNurminiemi
http://www.linkedin...
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02 eps

Challenges of Earnings per Share (EPS)

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02 eps

  1. 1. ArgonPro consulting training 1 Challenges of Earnings per Share (EPS)
  2. 2. ArgonPro consulting training 2 …the number of shares decreased by 14%! • Example - Huhtamäki 2002 (Meur) • “Earnings per share (EPS) +17 %, dividend proposal 0,38 eur (+22 %)” Key numbers Q4 Change (%) Q1-Q4 Change (%) Revenue 526 -9 2.239 -6 EBITA 45 -18 218 -2 Result before minority interest and taxes 25 -25 131 +1 Earnings per share (EPS) 0,26 -16 1,3 +17 What was the operational management’s input to ”good” result? Share buyback! Are we comparing apples with oranges? Source: Huhtamäki Oyj Q4/2002 report
  3. 3. @TimoNurminiemi http://www.linkedin.com/in/timonurminiemi ArgonPro consulting training @TimoNurminiemi http://www.linkedin.com/in/timonurminiemi @TimoNurminiemi http://www.linkedin.com/in/timonurminiemi e-mail: timo.nurminiemi@kolumbus.fi

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