Quarterly summary income statement 2014

Excel

(€ in thousands, unless stated otherwise; quarterly data unaudited)

Q1 2014

Q2 2014

Q3 2014

Q4 2014

FY 2014

REVENUE

205,378

251,951

234,564

258,399

950,292

Cost of sales

88,089

112,089

101,271

125,517

426,966

GROSS RESULT

117,289

139,862

133,293

132,882

523,326

Research and development expenses

43,178

46,225

39,052

45,559

174,014

Amortisation of technology and databases

21,182

21,114

26,227

19,578

88,100

Marketing expenses

9,298

21,499

18,993

19,768

69,559

Selling, general and administrative expenses

42,120

40,792

41,178

46,449

170,539

TOTAL OPERATING EXPENSES

115,778

129,630

125,450

131,354

502,212

OPERATING RESULT

1,511

10,232

7,843

1,528

21,114

Interest result

–1,020

10

–1,017

–1,118

–3,145

Other financial result

–1,176

–306

–657

–1,581

–3,720

Result of associates

136

–75

232

81

374

RESULT BEFORE TAX

–549

9,861

6,401

–1,090

14,623

Income tax gain / (charge)

8,103

–1,010

–619

1,558

8,032

NET RESULT

7,554

8,851

5,782

468

22,655

Attributable to:

- Equity holders of the parent

7,492

8,850

5,741

466

22,549

- Non-controlling interests

62

1

41

2

106

NET RESULT

7,554

8,851

5,782

468

22,655

MARGINS

Gross margin (%)

57%

56%

57%

51%

55%

Operating margin (%)

1%

4%

3%

1%

2%

CALCULATION OF ADJUSTED EARNINGS PER SHARE

Net result attributed to equity holders

7,492

8,850

5,741

466

22,549

Amortisation of acquired intangibles

13,243

12,830

12,004

12,255

50,332

Tax effect of adjustments

–3,311

–3,207

–3,001

–3,064

–12,583

ADJUSTED NET RESULT

17,424

18,473

14,744

9,657

60,298

Basic number of shares (in thousands)

222,191

222,238

222,740

223,540

222,689

Diluted number of shares (in thousands)

224,431

224,521

225,914

226,428

225,122

EARNINGS PER SHARE

Basic EPS (in €)

0.03

0.04

0.03

0.00

0.10

Fully diluted Adjusted EPS (in €)

0.08

0.08

0.07

0.04

0.27