Operating expenses
Total operating expenses for the quarter were €115 million, which is €1 million lower compared to €116 million in the same quarter last year. The lower operating expenses were mainly driven by lower Amortisation of technology and databases partially offset by slightly higher SG&A expenses. The increase in SG&A costs partially reflects amortisation of acquired customer contracts following our recent acquisitions. Marketing expenses were relatively flat year on year.
Depreciation and amortisation
| (€ in millions) | Q1 '15 | Q1 '14 | y.o.y. change | ||||||
| Depreciation | 3.1 | 3.8 | -20% | ||||||
| Amortisation | 23.4 | 24.4 | -4% | ||||||
| Total | 26.5 | 28.2 | -6% | ||||||
| Of which acquisition-related amortisation | 12.7 | 13.2 | -4% | ||||||
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Change percentages are based on non-rounded figures |
