TomTom reports third quarter 2016 results

Change percentages and totals calculated before rounding.

Data, software & services revenue for the quarter was €121 million or 51% of total revenue (Q3 '15: 45%).

Gross margin

The gross margin for the quarter was 60%, which is 7 percentage points higher compared with 53% in Q3 '15. The year on year increase was mainly due to a change in our product mix, with relatively higher portion of recurring high gross margin data, software & services revenue.

Operating expenses

Total operating expenses for the quarter were €144 million, €14 million higher compared with €130 million in the same quarter last year. The year on year increase was mainly driven by an increase in personnel expenses, partially offset by lower marketing expenses.

FX sensitivity

                 

Actual Q3 '16 / YTD '16 recalculated based on last year (Q3 '15 / YTD '15) FX rates

(€ in millions, unless stated otherwise)

 

Q3 '16


actual

 

Q3 '16
recalculated at
Q3 '15

FX rates1

 

YTD '16


actual

 

YTD '16
recalculated at
YTD '15

FX rates1

                 
Revenue   239.3   243.6   721.7   728.0
 
Gross result 144.6 148.7 413.2 420.4
Gross margin 60% 61% 57% 58%
 
EBIT 1.0 3.4 9.4 14.5
EBIT margin 0% 1% 1% 2%
 
P&L RATES IN € Q3 '16 Q3 '15 YTD '16 YTD '15
US dollar 1.11 1.11 1.11 1.12
GB pound   0.84   0.71   0.79   0.73

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