Gross result
Our gross result decreased by 3% to €141
million in the quarter compared with €145 million in Q3 '16. Cost of
sales in Q3 '17 included a one-off restructuring charge of €3.6 million
related to the announced reorganisation in Consumer Sports.
The gross margin for the quarter was 65%, five percentage points higher compared with 60% in Q3 '16, reflecting the shift of revenue mix towards higher margin data, software & services revenue.
Operating expenses
Total operating expenses for the quarter
were €147 million, €2.8 million higher compared with €144 million in the
same quarter last year. Operating expenses included a one-off
restructuring charge of €11.8 million related to the announced
reorganisation in Consumer Sports. Excluding this restructuring charge,
operating expenses declined by €9.0 million year on year mainly due to
lower marketing expenditure in the quarter.
FX sensitivity
| (€ in millions, unless stated otherwise) |
Q3 '17
|
Q3 '17
|
YTD '17
|
YTD '17
|
|||||
| Revenue | 217.7 | 220.7 | 683.8 | 687.8 | |||||
| Gross result | 140.5 | 140.7 | 433.5 | 437.8 | |||||
| Gross margin | 65% | 64% | 63% | 64% | |||||
| EBIT (YTD excl. impairment charge) | -6.0 | -7.1 | -1.7 | 0.9 | |||||
| EBIT margin (YTD excl. impairment charge) | -3% | -3% | 0% | 0% | |||||
|
FX RATES (IN €) |
Q3 '17 |
Q3 '16 |
YTD '17 |
YTD '16 |
|||||
| US dollar | 1.17 | 1.11 | 1.11 | 1.11 | |||||
| GB pound | 0.90 | 0.84 | 0.87 | 0.79 | |||||
|
¹The Q3 '17/YTD '17 income and expense in US dollar and GB
pound have been converted to euro using Q3 '16 / YTD
|
|||||||||
