In Q1 18, total revenues declined 9.4% to €186.6m but EBIT remained stable at around €42.1m (company definition) Revenues of the Business line IoT/Cloud jumped 115% from €3m to €6.4m Management raised its outlook for IoT/Cloud from 70-100% to 100-135% Revenues of DBP licences plummeted 36% to €23.4m and including IoT/Cloud 24% Stable operating performance driven by a strong A&N licence business