Data, software & services revenue for the quarter was €121 million or 51% of total revenue (Q3 '15: 45%).
Gross margin
The gross margin for the quarter was 60%, which is 7 percentage points higher compared with 53% in Q3 '15. The year on year increase was mainly due to a change in our product mix, with relatively higher portion of recurring high gross margin data, software & services revenue.
Operating expenses
Total operating expenses for the quarter were €144 million, €14 million higher compared with €130 million in the same quarter last year. The year on year increase was mainly driven by an increase in personnel expenses, partially offset by lower marketing expenses.
FX sensitivity
Actual Q3 '16 / YTD '16 recalculated based on last year (Q3 '15 /
YTD '15) FX rates
|
Q3 '16
|
Q3 '16
FX rates1 |
YTD '16
|
YTD '16
FX rates1 |
||||
Revenue | 239.3 | 243.6 | 721.7 | 728.0 | ||||
Gross result | 144.6 | 148.7 | 413.2 | 420.4 | ||||
Gross margin | 60% | 61% | 57% | 58% | ||||
EBIT | 1.0 | 3.4 | 9.4 | 14.5 | ||||
EBIT margin | 0% | 1% | 1% | 2% | ||||
P&L RATES IN € | Q3 '16 | Q3 '15 | YTD '16 | YTD '15 | ||||
US dollar | 1.11 | 1.11 | 1.11 | 1.12 | ||||
GB pound | 0.84 | 0.71 | 0.79 | 0.73 |