Accounting policies - basis of accounting
The condensed consolidated financial information for the three-month and the twelve-month period ended 31 December 2016 with related comparative information has been prepared using accounting policies which are based on International Financial Reporting Standards (IFRS). Accounting policies and methods of computation followed in the condensed consolidated financial information, for the period ended 31 December 2016, are the same as those followed in the Financial Statements for the year ended 31 December 2016. Further disclosures as required under IFRS for a complete set of consolidated financial statements are not included in the condensed consolidated financial information. The consolidated and company financial statements of TomTom NV for the year ended 31 December 2016 have been prepared and audited but are not yet published. The quarterly condensed consolidated information in this press release is unaudited.
Non-GAAP measures
The financial information in this report includes measures, which are not defined by generally accepted accounting principles (GAAP) such as IFRS. We believe this information, along with comparable GAAP measurements, gives insight to investors because it provides a basis for evaluating our operational performance. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP. Wherever appropriate and practical, we provide reconciliations to relevant GAAP measures.
Gross margin is calculated as gross result divided by revenue
EBIT is equal to our operating result
EBIT margin is calculated as operating result divided by revenue
EBITDA is equal to our operating result plus depreciation and amortisation charges
EBITDA margin is calculated as operating result plus depreciation and amortisation charges divided by revenue
Adjusted net result is calculated as net result attributed to equity holders adjusted for acquisition-related expenses and gains on a post-tax basis (a reconciliation to net result is provided on page 7)
Adjusted EPS is calculated as adjusted net result divided by the weighted average number of diluted shares over the period
Net cash is defined as our cash and cash equivalents minus the nominal value of our outstanding borrowings
For more information
TomTom Investor Relations
ir@tomtom.com
+31
20 757 5194
Audio webcast fourth quarter and full year 2016 results
The information for our fourth quarter and full year 2016 results audio webcast is as follows:
Date and time: 8 February 2017 at 14.00 CET
corporate.tomtom.com/presentations.cfm
TomTom is listed at NYSE Euronext Amsterdam in the Netherlands
ISIN: NL0000387058 / Symbol: TOM2
About TomTom
TomTom (TOM2) empowers movement. Every day millions of people around the world depend on TomTom to make smarter decisions. We design and develop innovative products that make it easy for people to keep moving towards their goals. Our map-based components include map content, online map-based services, real-time traffic, and navigation software. Our consumer products include PNDs, navigation apps, sports watches and action camera. Our main business products are custom in-dash navigation systems and a fleet management system, which is offered to fleet owners as an online service with integrated in-vehicle cellular devices. Our business consists of four customer facing business units: Automotive, Licensing, Telematics and Consumer. Founded in 1991 and headquartered in Amsterdam, we have more than 4,700 employees worldwide. For further information, please visit www.tomtom.com.
Forward-looking statements/Important notice
This document contains certain forward-looking statements with
respect to the financial position and results of TomTom’s activities. We
have based these forward-looking statements on our current expectations
and projections about future events, including numerous assumptions
regarding our present and future business strategies, operations and the
environment in which we will operate in the future. These
forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in
the forward-looking statements, and you should not place undue reliance
on them. Many of these risks and uncertainties relate to factors that
are beyond TomTom’s ability to control or estimate precisely, such as
levels of customer spending in major economies, changes in consumer
preferences, the performance of the financial markets, the levels of
marketing and promotional expenditures by TomTom and its competitors,
costs of raw materials, employee costs, exchange-rate and interest-rate
fluctuations, changes in tax rates, changes in law, acquisitions or
disposals, the rate of technological changes, political developments in
countries where the company operates and the risk of a downturn in the
market. Statements regarding market share, including the company's
competitive position, contained in this document are based on outside
sources such as specialised research institutes, industry and dealer
panels in combination with management estimates.
