TomTom reports third quarter 2016 results

Change percentages and totals calculated before rounding.

Total depreciation and amortisation costs amounted to €32 million compared with €28 million in Q3 '15. This increase results from the go-live of several technology platforms. Acquisition-related amortisation amounted €14 million (Q3 '15: €13 million). The year on year increase is mainly related to the acquisition of Finder in Telematics.

Financial income and expenses

The net interest charge for the quarter was €0.4 million compared with €0.3 million in Q3 '15.

The other financial result was a gain of €0.5 million for the quarter compared with a loss of €2.6 million in Q3 '15.

Income tax

In Q3 '16, the group recorded an income tax charge of €0.6 million compared with a gain of €8 thousand in the same period last year.

Net result

                         
(€ in millions, unless stated otherwise)   Q3 '16   Q3 '15   y.o.y. change   YTD '16   YTD '15   y.o.y. change
                         
Net result   0.6   1.7   -67%   17.5   -2.6    
Net result attributed to equity holders   0.6   1.8   -67%   17.5   -2.7  
Remeasurement of deferred tax liability -7.6
Acquisition-related amortisation 13.7 13.1 5% 41.1 38.9 6%
Tax effect of adjustments   -2.6   -3.3   -20%   -8.2   -9.7   -15%
Adjusted net result   11.7   11.6   1%   42.8   26.5   61%
                         
Adjusted EPS, € fully diluted   0.05   0.05   1%   0.18   0.11   59%

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