v3.25.3
Earnings Per Share
9 Months Ended
Sep. 30, 2025
Earnings per share [abstract]  
Earnings Per Share

Note 6—Earnings Per Share

The following table reflects the earnings and share data used in the basic and diluted earnings per share calculations:

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

(EUR’000, except per share data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

Net profit/(loss) attributable to ordinary equity holders of the parent for the purposes of basic earnings per share

 

 

(60,989

)

 

 

(99,198

)

 

 

(194,472

)

 

 

(339,615

)

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of ordinary shares for the purposes of basic earnings per share

 

 

60,756,015

 

 

 

57,535,349

 

 

 

60,412,419

 

 

 

57,255,764

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

€

(1.00

)

 

€

(1.72

)

 

€

(3.22

)

 

€

(5.93

)

Diluted earnings per share (1)

 

€

(1.00

)

 

€

(1.72

)

 

€

(3.22

)

 

€

(5.93

)

 

(1)
For the three and nine months ended September 30, 2025 and 2024 outstanding warrants, restricted stock units and performance stock units can potentially dilute earnings per share in the future but have not been included in the calculation of diluted earnings per share because they are out-of the money and/or antidilutive for the periods presented. Similarly, for the three and nine months ended September 30, 2025 and 2024, 575,000 convertible senior notes which can potentially be converted into 3,456,785 ordinary shares, can potentially dilute earnings per share in the future but have not been included in the calculation of diluted earnings per share because they are antidilutive for the periods presented. Refer to Note 8 “Share-based Payment” and Note 11, “Financial Assets and Liabilities,” for further information about the share-based incentive programs and convertible notes, respectively.