Non-IFRS operating profit was 1.17 billion, and ahead of consensus at 1.15 billion.

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The company achieved operational profitability (1.1% non-IFRS) with better than expected revenues, triggering a 20% increase in stock price.

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Non-IFRS operating margin in the quarter was 33%, up from 30.1% a year ago.

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On an IFRS basis, the company lost 954 million Euros in the quarter on an operating basis, or 1.076 billion Euros on a net basis.

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