| (€ in millions) | Q2 '16 | Q2 '15 |
y.o.y.
|
H1 '16 | H1 '15 |
y.o.y.
|
|||||||
| Cost of sales | 2.3 | 2.5 | -6% | 4.3 | 5.0 | -14% | |||||||
| Research and development | 3.1 | 2.5 | 22% | 5.8 | 4.3 | 34% | |||||||
| Amortisation of technology & databases | 21.1 | 18.6 | 13% | 41.7 | 37.1 | 12% | |||||||
| Marketing | 0.1 | 0.0 | n.a. | 0.2 | 0.0 | n.a. | |||||||
| Selling, general and administrative | 4.3 | 3.7 | 20% | 8.8 | 7.4 | 20% | |||||||
| Total | 30.9 | 27.3 | 13% | 60.8 | 53.8 | 13% | |||||||
| Of which acquisition-related amortisation | 13.7 | 13.0 | 6% | 27.4 | 25.9 | 6% | |||||||
|
Change percentages and totals calculated before rounding |
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Total depreciation and amortisation costs amounted to €31 million in the second quarter, 13% higher compared with last year (Q2 '15: €27 million). The increase mainly results from an increase in amortisation of technology and databases of €2.5 million to €21.1 million. This increase results from the go-live of several technology platforms. Acquisition-related amortisation amounted €14 million (Q2 '15: €13 million), the increase is mainly related to the acquisition of Finder in Telematics.
Financial income and expenses
The net interest charge for the quarter was €0.4 million compared with €0.2 million in Q2 '15.
The other financial result was a loss of €1.2 million for the quarter (Q2 '15: €0.3 million gain), which consisted primarily of a foreign exchange loss on the revaluation of monetary balance sheet items.
Income tax
In Q2 '16, the group recorded an income tax gain of €0.9 million versus €1.8 million in the same period last year.
Net result
| (€ in millions, unless stated otherwise) | Q2 '16 | Q2 '15 |
y.o.y.
|
H1 '16 | H1 '15 |
y.o.y.
|
|||||||
| Net result | 12.2 | 2.5 | n.a. | 17.0 | -4.4 | n.a. | |||||||
| Net result attributed to equity holders | 12.1 | 2.6 | n.a. | 16.9 | -4.5 | n.a. | |||||||
| Remeasurement of deferred tax liability | -7.6 | ||||||||||||
| Acquisition-related amortisation | 13.7 | 13.0 | 6% | 27.4 | 25.9 | 6% | |||||||
| Tax effect of adjustments | -2.6 | -3.2 | -20% | -6.0 | -6.5 | -7% | |||||||
| Adjusted net result | 23.2 | 12.4 | 87% | 30.7 | 14.9 | 106% | |||||||
| Adjusted EPS, € fully diluted | 0.10 | 0.05 | 87% | 0.13 | 0.06 | 102% | |||||||
|
Change percentages and totals calculated before rounding |
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