Gross result
Our gross result increased by 11% to €161 million in the quarter compared with €145 million in Q2 '16. The gross margin for the quarter was 63%, which is 8 percentage points higher compared with 55% in Q2 '16, reflecting the shift of revenue mix towards higher margin data, software & services revenue.
Operating expenses
Excluding the impairment charge, total operating expenses for the quarter were €151 million, €18 million higher compared with €133 million in the same quarter last year. Operating expenses in the same quarter last year included a one-off gain from a pending customs case. Excluding this one-off gain, operating expense for the quarter increased by 8% year on year mainly reflecting higher expense on our long-term employee incentive plans and higher amortisation expenses.
FX sensitivity
(€ in millions, unless stated otherwise) |
Q2 '17
actual |
Q2 '17
recalculated at Q2 '16 FX rates1 |
H1 '17
actual |
H1 '17
recalculated at H1 '16 FX rates1 |
|||||
Revenue | 253.4 | 253.7 | 466.2 | 467.1 | |||||
Gross result | 160.6 | 162.8 | 293.0 | 297.2 | |||||
Gross margin | 63% | 64% | 63% | 64% | |||||
EBIT (excl. impairment charge) | 9.2 | 11.2 | 4.3 | 8.0 | |||||
EBIT margin (excl. impairment charge) | 4% | 4% | 1% | 2% | |||||
FX RATES (IN €) | Q2 '17 | Q2 '16 | H1 '17 | H1 '16 | |||||
US dollar | 1.09 | 1.13 | 1.08 | 1.11 | |||||
GB pound | 0.85 | 0.78 | 0.85 | 0.77 | |||||
¹The Q2 '17/H1 '17 income and expense in US dollar and GB pound
have been converted to euro using Q2 '16 / H1 '16
|
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