AMSTERDAM — (BUSINESS WIRE) — April 20, 2015 — Financial summary Q1 '15
- Group revenue of €205 million (Q1 '14: €205 million)
- Gross margin of 54% (Q1 '14: 57%)
- EBITDA of €21 million (Q1 '14: €30 million)
- Adjusted EPS1 of €0.01 (Q1 '14: €0.08, of which €0.04 related to a one-off tax gain)
- Net cash position of €77 million (Q1 '14: €44 million)
Operational summary Q1 '15
- Consumer launched the new TomTom RIDER for motorcyclists
- Volkswagen selects TomTom Maps in North America and TomTom Traffic in Europe
- TomTom to deliver LIVE Services to Hyundai and Kia in Europe
- Global partnership with Fiat extended to deliver maps and navigation in the Uconnect™ infotainment system in Latin America
- Telematics increased its installed base by 39% and recurring subscription revenue by 32% year on year
Outlook 2015
- Full year outlook re-iterated; Revenue expected of around €1 billion and adjusted EPS1 expected of around €0.20.
Key figures
| (€ in millions) | Q1 '15 | Q1 '14 | y.o.y. change | ||||||
| Consumer | 121.6 | 125.1 | -3% | ||||||
| Automotive | 23.6 | 29.2 | -19% | ||||||
| Licensing | 29.0 | 26.0 | 12% | ||||||
| Telematics | 31.1 | 25.1 | 24% | ||||||
| REVENUE | 205.3 | 205.4 | 0% | ||||||
| GROSS RESULT | 109.9 | 117.3 | -6% | ||||||
| Gross margin | 54% | 57% | |||||||
| EBITDA | 21.4 | 29.7 | -28% | ||||||
| EBITDA margin | 10% | 14% | |||||||
| OPERATING RESULT (EBIT) | -5.1 | 1.5 | |||||||
| EBIT margin | -2% | 1% | |||||||
| NET RESULT | -6.9 | 7.6 | |||||||
| ADJUSTED NET RESULT | 2.4 | 17.4 | -86% | ||||||
| EPS, € fully diluted | -0.03 | 0.03 | |||||||
| Adjusted EPS 1 , € fully diluted | 0.01 | 0.08 | -87% | ||||||
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Change percentages are based on non-rounded figures |
