SIMPLIFIED INCOME STATEMENT Income statement (unaudited) Comments (€mm) Q1'16 Q1'15
EBITDA margin of 56.8% benefited from improved efficiency EBITDA 71.8 67.8 Margin 56.8% 52.2% Depreciation and amortisation (3.7) (4.6)
Positive item in exceptional items due to a partial release of Total expenses (58.4) (66.8) the provision for the French restructuring plans (Q1 2015: Operating profit (before exceptional +€6.3 million was mostly due to a €14.7 million reversal of provision due to positive outcome on CBH offsetting the €7.4 items) 68.0 63.3 million of restructuring costs) Margin 53.8% 48.6% Exceptional items 0.6 6.3
Net financing income positively impacted by a €1.5 million Operating profit 68.7 69.6 exchange gain Net financing income/(expense) 0.9 (2.1) Profit before income tax 69.6 67.4
Income tax of 31% is in line with the Company’s normalized tax Income tax expense (21.6) (19.4) rate (Q1 2015 was positively impacted by the release of the Tax rate -31.0% -28.7% provision created in 2014 in conjunction with CBH) Profit for the year 48.0 48.0
Stable net profit compared to Q1 2015, at €48 million
Q1 2016 EPS of €0.69 both basic and diluted vs €0.69 basic and €0.68 diluted in Q1 2015 10