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Quarterly statement of income 2016



Table_76 Quarterly summary income statement 2015

(€ in thousands, unless stated otherwise; quarterly data unaudited) Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016
REVENUE 217,155 265,225 239,331 265,618 987,329
Cost of sales 93,850 119,967 94,690 112,594 421,101
GROSS RESULT 123,305 145,258 144,641 153,024 566,228
           
Research and development expenses 44,533 45,675 50,680 49,585 190,473
Amortisation of technology and databases 20,626 21,107 22,571 27,222 91,526
Marketing expenses 15,058 21,545 19,159 24,847 80,609
Selling, general and administrative expenses 47,401 44,179 51,278 51,868 194,726
TOTAL OPERATING EXPENSES 127,618 132,506 143,688 153,522 557,334
           
OPERATING RESULT -4,313 12,752 953 -498 8,894
           
Interest result -305 -377 -404 -285 -1,371
Other financial result 1,711 -1,233 513 -2,001 -1,010
Result of associates 327 134 97 178 736
RESULT BEFORE TAX -2,580 11,276 1,159 -2,606 7,249
           
Income tax gain/(charge) 7,346 911 -594 -2,954 4,709
NET RESULT 4,766 12,187 565 -5,560 11,958
Attributable to:          
- Equity holders of the parent 4,792 12,066 595 -5,466 11,987
- Non-controlling interests -26 121 -30 -94 -29
NET RESULT 4,766 12,187 565 -5,560 11,958
           
MARGINS          
Gross margin (%) 57% 55% 60% 58% 57%
EBIT margin (%) -2% 5% 0% 0% 1%
           
CALCULATION OF ADJUSTED EARNINGS PER SHARE (€ in million)          
Net result attributed to equity holders 4.8 12.1 0.6 -5.5 12.0
Acquisition-related amortisation 13.7 13.7 13.7 14.2 55.3
Tax effect of adjustments -3.0 -2.6 -2.6 -2.7 -10.9
Remeasurement of deferred tax liability1 -7.6 0.0 0.0 5.3 -2.3
ADJUSTED NET RESULT 7.9 23.2 11.7 11.3 54.1
           
Basic number of shares (in thousands) 230,612 231,193 232,424 232,725 231,743
Diluted number of shares (in thousands) 234,964 234,522 235,265 235,430 234,970
           
EARNINGS PER SHARE          
Basic EPS (€) 0.02 0.05 0.00 -0.02 0.05
Fully diluted Adjusted EPS (€) 0.03 0.10 0.05 0.05 0.23
 
1. The adjusted net result in Q1 '16 and Q4 '16 included adjustment for the remeasurement of deferred tax liability on acquisition-related intangibles.