SIMPLIFIED INCOME STATEMENT Income statement (unaudited) Comments (€mm) Q3’15 Q3’14
EBITDA margin of 58.0% benefited from the EBITDA 77.1 54.1 combination of strong revenue increase and cost Margin 58.0% 44.1% reduction Depreciation and amortisation (3.8) (4.1) Total expenses (59.6) (72.7) Operating profit (before exceptional items) 73.4 50.0
Exceptional items limited to €1.8 million for the Margin 55.2% 40.7% quarter (mainly redundancies) Exceptional items (1.8) (5.7) Operating profit 71.6 44.2 Net financing income/(expense) 0.6 (0.7)
Net financing income thanks to positive impact Results from equity investments and other income 0.0 0.0 of change in Forex methodology (from average Profit before income tax 72.2 43.5 quarterly rate to spot one) Income tax expense (24.4) 6.0 Tax rate -33.9% 13.8% Profit for the quarter 47.7 49.6
Income tax of 33.9% in Q3 2015 due to recognition of discrete items in Q3 2015
Tax benefit in Q3 2014 was due to a net release of tax provisions
Q3 2015 EPS of €0.68 (both basic & diluted) vs €0.71 basic & €0.70 diluted in Q3 2014 14