PSA - 2019 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019 Notes to the Consolidated Financial Statements at 31 December 2019

EARNINGS PER SHARE 15.2. Basic earnings per share anddilutedearnings per share are presented athe foot ofthe income statements. They are calculated as follows: Basic earnings per share- Attributable tothe Owners ofthe parent A. Basic earnings per share arecalculated on the basisof the weighted average number of shares outstandingduringthe period. The averagenumber of shares outstandingis calculatedby taking into accountthe number of shares issued and cancelledduring the periodandchanges inthe numberof shares held in treasuryshares.

2019

2018

2017

Consolidated basic earnings of continuing operations - attributable to the Owners of the parent (in million euros) Consolidated basic earnings - attributable to the Owners of the parent (in million euros) Basic earnings per €1 par value share of continuing operations - attributable to the Owners of the parent (in euros) Basic earnings per €1 par value share (in euros) - attributable to the Owners of the parent Average number of €1 par value shares outstanding

3,201

2,827

1,931

3,201

2,827

1,924

894,402,311

893,512,478 886,113,459

3.58

3.16

2.18

3.58

3.16

2.17

Diluted earningsper share - Attributable to the Ownersof the parent B. Diluted earnings per share are calculatedby the treasury shares method.This consistsof taking into accountthe exerciseof stock options, performance share grants to employees and equity warrants.

The performance share grants (see Note 7.2.B) and the equity warrants (see Note 15.1.B) had a potential dilutive effect on 31 December 2019. The following tables show the effects of thecalculation:

Effect on the average number of shares (1)

Notes

2019

2018

2017

Average number of €1 par value shares outstanding Dilutive effect, calculated by the treasury shares method, of: Equity warrants (2014 capital increases) > Equity warrants delivered to General Motors Group >

894,402,311

893,512,478 886,113,459

-

-

10,763,952

39,727,324 39,727,324 39,727,324

Performance share grants >

7.2.B

7,602,712

6,252,094

4,350,427

Diluted average number of shares

941,732,347 939,491,896 940,955,162

Effect of Faurecia dilution on consolidated earnings of continuing operations - (2) attributable to the Owners of the parent

2019

2018

2017

(in million euros)

Consolidated profit (loss) from continuing operations - attributable to the Owners of the parent Dilutive effect of Faurecia (performance share grants)

3,201

2,827

1,931

(1)

-

-

CONSOLIDATED PROFIT (LOSS) FROM CONTINUING OPERATIONS (AFTER FAURECIA DILUTION EFFECT) Diluted earnings of continuing operations - attributable to the Owners of the parent per €1 par value share (in euros)

3,200

2,827

1,931

3.40

3.01

2.05

247

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT