5.1 Per share data, dividend policy and share performance
5.1.1 PER SHARE DATA
| (in euros) | 2020(3) | 2019(3) | 2018(1)/(3) | ||||
| basic | diluted(3) | basic | diluted(2) | basic | diluted | ||
| Profit (loss) attributable to owners of the Parent, per share | (5.11) | (5.11) | (0.12) | (0.12) | 1.36 | 1.34 | |
| Equity attributable to owners of the Parent, per share | 5.61 | 5.56 | 11.73 | 11.58 | 13.21 | 13.04 | |
| Cash flow from (used in) operations before change in working capital, per share(3) | (0.25) | (0.25) | 3.82 | 3.77 | 3.39 | 3.34 | |
| Share price at 31 December | 20.48 | 19.43 | 22.02 | ||||
| Dividend | - | - | 1.30 | ||||
| Extra dividend | - | - | - | ||||
(1) 2018 data restated for the full retrospective application of IFRS 16.
(2) The method used to calculate diluted earnings per share is described in note 15 to the consolidated financial statements.
(3) In accordance with IFRS 5, Lagardère Sports has been classified as a discontinued operation at 31 December 2020 and 31 December 2019. Its earnings and cash flows for 2020, 2019 and 2018 were respectively classified in profit (loss) from discontinued operations and net cash from (used in) discontinued operations (see note 4.3 to the consolidated financial statements).
5.1.2 DIVIDEND POLICY
Total dividends paid for the years 2017 and 2018 amounted to €168.8 million and €169.7 million, respectively. The dividend payouts represented 96.0% and 96.1% of profit attributable to owners of the Parent in 2017 and 2018.
The amendment to the syndicated credit agreement and the statebacked loan signed on 18 December 2020 (see section 1.8.2 of the Universal Registration Document and Note 29.1 to the 2020 consolidated financial statements) stipulates that (i) Lagardère SCA shall not pay any dividends in 2020 in respect of 2019 or in 2021 in respect of 2020, (ii) the maximum dividend that may be paid in 2022 in respect of 2021 is €0.50 per share, on condition that net debt is less than €2,000 million, (iii) the maximum dividend that may be paid in 2023 in respect of 2022 is €1.30 per share, and (iv) the maximum dividend that may be paid from 2024 onwards is €1.30 per share, with the possibility of an increase in this amount depending on the level of the leverage ratio.
Items appearing in the Annual Financial Report are cross-referenced with the following symbol AFR
5.1.3 SHARE PERFORMANCE SINCE JANUARY 2020
Source: Euronext Paris.