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 |
