Earnings per share are calculated by dividing net income for the period attributable to NORMA Group’s shareholders by the weighted average number of shares issued during the period under review. NORMA Group has only issued common shares. In 2021, as in the previous year, the average weighted number of shares was 31,862,400 (2020: 31,862,400).

As of December 31, 2021, and 2020, there were no dilutive effects on earnings per share.

Earnings per share in 2021 and 2020 were as follows:

EARNINGS PER SHARE

2021

2021

Profit attributable to shareholders of the parent (in EUR thousands)

55,933

5,670

Number of weighted shares

31,862,400

31,862,400

Earnings per share (un)diluted (in EUR)

1.76

0.18

Legend

These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.