Financial income and expenses
The interest charge for the quarter was €0.2 million versus an interest charge of €1.0 million in Q1 '14. The lower interest charge is due to the lower interest rate applied against lower outstanding borrowings this year. The other financial result for the quarter was a loss of €2.6 million (Q1 '14: loss of €1.2 million), mainly reflecting the impact of losses resulting from the revaluation of foreign currency denominated monetary balance sheet items which were not fully offset by the positive hedging results.
Income tax
The net income tax for the quarter was a gain of €0.8 million versus a net income tax gain of €8.1 million in Q1 '14. Our Q1 '14 tax result was driven by a one-off release of a tax provision following the finalisation of an overseas tax audit. The effective tax rate (ETR) for the quarter was 10.9%.
Net result
| (€ in millions, unless stated otherwise) | Q1 '15 | Q1 '14 | y.o.y. change | ||||||
| Net result | -6.9 | 7.6 | |||||||
| Net result attributed to equity holders | -7.1 | 7.5 | |||||||
| Amortisation of acquired intangibles | 12.7 | 13.2 | -4% | ||||||
| Tax effect of adjustments | -3.2 | -3.3 | -4% | ||||||
| Adjusted net result | 2.4 | 17.4 | -86% | ||||||
| Adjusted EPS, € fully diluted | 0.01 | 0.08 | -87% | ||||||
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Change percentages are based on non-rounded figures |
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