Cash flow

Cash flow from operating activities for the quarter was €71 million compared to €50 million in Q3 '12. The increase was mainly driven by higher working capital from other liabilities.

The cash flow used in investing activities during the quarter increased by €12 million year on year to €24 million. Maps continue to be our largest area of investment and we saw increased activity in customer specific Automotive projects and in navigation software development. Additionally we acquired the Coordina group in Spain.

- END -

Consolidated condensed statement of income

(in € thousands)			Q3 '13			Q3 '12			YTD '13			YTD '12
Revenue			244,056			273,561			695,889			768,124
Cost of sales			106,573			123,286			318,081			367,721
Gross result			137,483			150,275			377,808			400,403
Research and development expenses			40,276			40,154			122,084			121,058
Amortisation of technology & databases			20,962			19,900			59,262			62,234
Marketing expenses			12,758			14,933			34,695			43,066
Selling, general and administrative expenses			46,207			41,723			133,012			123,017
Stock compensation expense			3,665			1,742			7,445			5,417
Total operating expenses			123,868			118,452			356,498			354,792
Operating result			13,615			31,823			21,310			45,611
Interest result			-765			-3,187			-2,145			-9,711
Other finance result			358			-169			-1,936			1,932
Result associates			166			356			2,979			590
Result before tax			13,374			28,823			20,208			38,422
Income tax			-2,009			-6,554			-3,373			-8,743
Net result			11,365			22,269			16,835			29,679
Net result attributable to:
Equity holders of the parent			11,248			22,283			16,281			29,612
Non-controlling interests			117			-14			554			67
Net result			11,365			22,269			16,835			29,679
Basic number of shares (in thousands)			221,940			221,895			221,913			221,895
Diluted number of shares (in thousands)			223,871			222,023			222,751			221,983
EPS, € basic			0.05			0.10			0.07			0.13
EPS, € diluted			0.05			0.10			0.07			0.13

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »