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31. Earnings per share

in € thousand		2011	2010
Average outstanding shares (diluted)	no.	51,631,400	45,544,976
Average outstanding shares (basic)	no.	51,631,400	45,544,976
Consolidated net profit attributable to Group shareholders	in € thousand	93,396	-7,814
Earnings per share (basic)	€	1.81	-0.17
Earnings per share (diluted)	€	1.81	-0.17

Basic earnings per share:

Basic earnings per share are determined by dividing the net income for the period to which shareholders of Deutsche EuroShop AG are entitled by the weighted average number of shares outstanding within the reporting period.

Diluted earnings per share:

For the calculation of diluted earnings per share, potential ordinary shares must be taken into account when determining the number of outstanding shares, and the net income for the period attributable to the shareholders of Deutsche EuroShop AG must be adjusted. As Deutsche EuroShop AG has no potential ordinary shares, the calculation of diluted earnings per share is the same as the method used to calculate basic earnings per share.

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