TomTom Reports First Quarter 2017 Results

AMSTERDAM — (BUSINESS WIRE) — April 18, 2017Financial summary Q1 '17

  • Revenue of €213 million (Q1 '16: €217 million)
  • Gross margin of 62% (Q1 '16: 57%)
  • EBITDA of €28 million (Q1 '16: €26 million)
  • Adjusted EPS1 of €0.03 (Q1 '16: €0.03)
  • Net cash position of €79 million (Q1 '16: €50 million)

Operational summary Q1 '17

  • Acquisition of Autonomos, a Berlin-based Autonomous Driving start-up
  • TomTom HD Map selected in the Volvo’s Drive Me research programme for Autonomous Driving
  • Traffic service extended in South America and now covers 54 countries globally
  • Frankfurt and Düsseldorf selected TomTom’s data to power their traffic management centres
  • TomTom Touch Cardio, an activity tracker with a built-in heart rate monitor, launched

Outlook 2017

Full year outlook re-iterated; revenue expected in the range of €925 million to €950 million and adjusted EPS1 expected of around €0.25

Key figures

(€ in millions, unless stated otherwise)   Q1 '17   Q1 '16  

y.o.y.
change

             
Automotive & Licensing   74.1   63.4   17%
Telematics 40.6 37.1 10%
Consumer   98.0   116.6   -16%
REVENUE   212.7   217.2   -2%
             
GROSS RESULT 132.4 123.3 7%
Gross margin   62%   57%    
             
EBITDA 28.0 25.6 9%
EBITDA margin   13%   12%    
             
OPERATING RESULT (EBIT) -4.9 -4.3
EBIT margin   -2%   -2%    
             
NET RESULT -4.6 4.8
ADJUSTED NET RESULT   7.0   7.9   -11%
             
EPS, € fully diluted -0.02 0.02
Adjusted EPS 1 , € fully diluted   0.03   0.03    

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