The dividend policy formulated by the Board of Directors takes the Group’s investment needs, the economic context and any other relevant factor into account.
In accordance with the amendment to the articles of association passed by the Shareholders’ Meeting of 24 May 2011, the first increased dividend was paid in 2014 for the previous year. Shareholders holding their shares in registered form for at least two years are entitled to a increased dividend. The number of shares eligible for the 10% increased dividend may not exceed 0.5% of the share capital for a single shareholder.
On 21 November 2014, the Shareholders’ Meeting amended the articles of association to the effect of authorising it to approve the payment of any dividend, interim dividend, reserves or premium that is distributed or any reduction in capital, through delivery of the Company’s assets, including financial securities.
Dividends not claimed within five years of their payment date lapse in favour of the French State.
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Capital at year end | Capital at year end2022
|
Capital at year end2021
|
Capital at year end2020
|
Capital at year end2019
|
Capital at year end2018
|
| Share capital (in millions of euros) | Share capital (in millions of euros)2022 1,944 |
Share capital (in millions of euros)2021 1,619 |
Share capital (in millions of euros)2020 1,550 |
Share capital (in millions of euros)2019 1,552 |
Share capital (in millions of euros)2018 1,505 |
| Capital contributions (in millions of euros) | Capital contributions (in millions of euros)2022
|
Capital contributions (in millions of euros)2021
|
Capital contributions (in millions of euros)2020
|
Capital contributions (in millions of euros)2019
|
Capital contributions (in millions of euros)2018
|
| Number of ordinary shares in existence | Number of ordinary shares in existence 20223,887,718,420 |
Number of ordinary shares in existence 20213,238,676,748 |
Number of ordinary shares in existence 20203,099,923,579 |
Number of ordinary shares in existence 20193,103,621,086 |
Number of ordinary shares in existence 20183,010,267,676 |
| Number of priority dividend shares (with no voting rights) in existence | Number of priority dividend shares (with no voting rights) in existence 2022
|
Number of priority dividend shares (with no voting rights) in existence 2021
|
Number of priority dividend shares (with no voting rights) in existence 2020
|
Number of priority dividend shares (with no voting rights) in existence 2019
|
Number of priority dividend shares (with no voting rights) in existence 2018
|
| Maximum number of future shares to be created | Maximum number of future shares to be created 2022
|
Maximum number of future shares to be created 2021
|
Maximum number of future shares to be created 2020
|
Maximum number of future shares to be created 2019
|
Maximum number of future shares to be created 2018
|
| by conversion of bonds | by conversion of bonds 2022
|
by conversion of bonds 2021
|
by conversion of bonds 2020
|
by conversion of bonds 2019
|
by conversion of bonds 2018
|
| by exercise of subscription rights | by exercise of subscription rights 2022
|
by exercise of subscription rights 2021
|
by exercise of subscription rights 2020
|
by exercise of subscription rights 2019
|
by exercise of subscription rights 2018
|
| Operating results for the year (in millions of euros) | Operating results for the year (in millions of euros)2022
|
Operating results for the year (in millions of euros)2021
|
Operating results for the year (in millions of euros)2020
|
Operating results for the year (in millions of euros)2019
|
Operating results for the year (in millions of euros)2018
|
| Sales excluding taxes | Sales excluding taxes 202287,129 |
Sales excluding taxes 202153,001 |
Sales excluding taxes 202044,315 |
Sales excluding taxes 201946,155 |
Sales excluding taxes 201844,874 |
| Income before tax, employee profit-sharing, depreciation, amortisation and provisions | Income before tax, employee profit-sharing, depreciation, amortisation and provisions 2022(22,745) |
Income before tax, employee profit-sharing, depreciation, amortisation and provisions 20219,177 |
Income before tax, employee profit-sharing, depreciation, amortisation and provisions 20208,051 |
Income before tax, employee profit-sharing, depreciation, amortisation and provisions 20197,639 |
Income before tax, employee profit-sharing, depreciation, amortisation and provisions 20187,925 |
| Income tax | Income tax 2022(147) (2) |
Income tax 20211,410 |
Income tax 2020(406) (2) |
Income tax 2019605 |
Income tax 2018(756) (2) |
| Employee profit-sharing for the year | Employee profit-sharing for the year 2022
|
Employee profit-sharing for the year 2021
|
Employee profit-sharing for the year 2020
|
Employee profit-sharing for the year 2019
|
Employee profit-sharing for the year 2018
|
| Income after tax, employee profit-sharing, depreciation, amortisation and provisions | Income after tax, employee profit-sharing, depreciation, amortisation and provisions 2022(30,648) |
Income after tax, employee profit-sharing, depreciation, amortisation and provisions 20211,457 |
Income after tax, employee profit-sharing, depreciation, amortisation and provisions 2020222 |
Income after tax, employee profit-sharing, depreciation, amortisation and provisions 20191,593 |
Income after tax, employee profit-sharing, depreciation, amortisation and provisions 20181,591 |
| Dividends | Dividends 2022
|
Dividends 20211,997 (1) |
Dividends 2020652 |
Dividends 2019
|
Dividends 2018934 (1) |
| Interim dividends | Interim dividends 2022
|
Interim dividends 2021947 |
Interim dividends 2020
|
Interim dividends 2019457 |
Interim dividends 2018451 |
| Earnings per share (euros/share) | Earnings per share (euros/share)2022
|
Earnings per share (euros/share)2021
|
Earnings per share (euros/share)2020
|
Earnings per share (euros/share)2019
|
Earnings per share (euros/share)2018
|
| Income after tax and employee profit-sharing but before depreciation, amortisation and provisions | Income after tax and employee profit-sharing but before depreciation, amortisation and provisions 2022(5.81) |
Income after tax and employee profit-sharing but before depreciation, amortisation and provisions 20212.40 |
Income after tax and employee profit-sharing but before depreciation, amortisation and provisions 20202.73 |
Income after tax and employee profit-sharing but before depreciation, amortisation and provisions 20192.27 |
Income after tax and employee profit-sharing but before depreciation, amortisation and provisions 20182.88 |
| Income after tax, employee profit-sharing, depreciation, amortisation and provisions | Income after tax, employee profit-sharing, depreciation, amortisation and provisions 2022(7.88) |
Income after tax, employee profit-sharing, depreciation, amortisation and provisions 20210.45 |
Income after tax, employee profit-sharing, depreciation, amortisation and provisions 20200.07 |
Income after tax, employee profit-sharing, depreciation, amortisation and provisions 20190.51 |
Income after tax, employee profit-sharing, depreciation, amortisation and provisions 20180.53 |
| Dividend per share | Dividend per share 2022
|
Dividend per share 20210.58 (1)(5) |
Dividend per share 20200.21 (4) |
Dividend per share 2019
|
Dividend per share 20180.31 (1)(3) |
| Interim dividend per share | Interim dividend per share 2022
|
Interim dividend per share 20210.30 |
Interim dividend per share 20200 |
Interim dividend per share 20190.15 |
Interim dividend per share 20180.15 |
| Employees | Employees2022
|
Employees2021
|
Employees2020
|
Employees2019
|
Employees2018
|
| Average number of employees over the year | Average number of employees over the year 202261,607 |
Average number of employees over the year 202162,035 |
Average number of employees over the year 202062,462 |
Average number of employees over the year 201963,530 |
Average number of employees over the year 201864,927 |
| Total payroll expense for the year (in millions of euros) | Total payroll expense for the year (in millions of euros)20223,981 |
Total payroll expense for the year (in millions of euros)20213,720 |
Total payroll expense for the year (in millions of euros)20203,694 |
Total payroll expense for the year (in millions of euros)20193,654 |
Total payroll expense for the year (in millions of euros)20183,711 |
| Amounts paid for employee fringe benefits for the year (social security, Company benefit schemes, etc.) (in millions of euros) | Amounts paid for employee fringe benefits for the year (social security, Company benefit schemes, etc.) (in millions of euros)20222,634 |
Amounts paid for employee fringe benefits for the year (social security, Company benefit schemes, etc.) (in millions of euros)20212,687 |
Amounts paid for employee fringe benefits for the year (social security, Company benefit schemes, etc.) (in millions of euros)20202,745 |
Amounts paid for employee fringe benefits for the year (social security, Company benefit schemes, etc.) (in millions of euros)20192,799 |
Amounts paid for employee fringe benefits for the year (social security, Company benefit schemes, etc.) (in millions of euros)20182,854 |
(1) Including interim dividends paid out.
(2) Amount corresponding to a tax income.
(3) i.e. €0.341 per share bearing a loyalty dividend.
(4) i.e. €0.231 per share bearing a loyalty dividend.
(5) i.e. €0.638 per share bearing a loyalty dividend.
