TomTom Reports Third Quarter 2017 Results

AMSTERDAM — (BUSINESS WIRE) — October 19, 2017 — TomTom (AEX:TOM2):

Financial summary Q3 '17

  • Revenue of €218 million (Q3 '16: €239 million)
  • Gross margin of 65% (Q3 '16: 60%)
  • EBITDA of €31 million (Q3 '16: €33 million)
  • Adjusted EPS1 of €0.08 (Q3 '16: €0.05)
  • Net cash position of €102 million (Q3 '16: €81 million)
  • Deferred revenue position of €240 million (Q3 '16: €206 million)

Operational summary Q3 '17

  • Traffic service expanded to 68 countries
  • Launch of TomTom EV Service providing real-time availability for charging points for drivers of electric vehicles
  • Telematics recognised by Berg Insight as Europe's leading and most innovative provider of fleet management solutions (for the third year running)
  • Strategic review of Consumer Sports in progress

Outlook 2017
Full year revenue outlook updated. Due to recent reorganisation of Consumer Sports, revenue is now expected of around €900 million2. Outlook for adjusted EPS1 of around €0.25 is unchanged.

Key figures

                         

(€ in millions, unless stated
otherwise)

  Q3 '17   Q3 '16  

y.o.y.
change

  YTD '17   YTD '16  

y.o.y.
change

                         
Automotive & Licensing   81.1   65.7   23%   242.2   197.2   23%
Telematics 39.4 36.5 8% 120.1 113.6 6%
Consumer   97.2   137.1   -29%   321.5   410.9   -22%
REVENUE   217.7   239.3   -9%   683.8   721.7   -5%
                         
GROSS RESULT 140.5 144.6 -3% 433.5 413.2 5%
Gross margin   65%   60%       63%   57%    
                         
EBITDA 31.2 33.1 -6% 104.4 102.3 2%
EBITDA margin   14%   14%       15%   14%    
                         
OPERATING RESULT (EBIT) -6.0 1.0 -170.4 9.4
EBIT margin   -3%   0%       -25%   1%    
                         
NET RESULT -5.3 0.6 -170.0 17.5
ADJUSTED NET RESULT   18.8   11.7   60%   46.8   42.8   9%
                         
EPS, € fully diluted -0.02 0.00 -0.72 0.07
Adjusted EPS 1 , € fully diluted   0.08   0.05   59%   0.20   0.18   8%

Change percentages and totals calculated before rounding.

This report includes the following non-GAAP measures: gross margin, EBIT (margin), EBITDA (margin), adjusted net
result, adjusted EPS and net cash, which are further explained on page 11 of this report.


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