TomTom Reports First Quarter 2018 Results

AMSTERDAM — (BUSINESS WIRE) — April 16, 2018 — TomTom (AEX:TOM2):

Financial summary Q1 '18

  • Revenue of €192 million (Q1 '17: €213 million)
  • Gross margin of 70% (Q1 '17: 63%)
  • EBITDA of €44 million (Q1 '17: €34 million)
  • Adjusted EPS1 of €0.10 (Q1 '17: -€0.03)
  • Net cash position of €129 million (Q1 '17: €79 million)
  • Deferred revenue position of €275 million (Q1 '17: €232 million)

Operational summary Q1 '18

  • Automotive operational revenue increased by 42% in the quarter
  • Additional TomTom Connected Car Services provided to Hyundai and Kia
  • TomTom On-Street Parking reaches coverage in 100 European cities
  • Telematics installed base increased by 14% year on year, reaching more than 826,000 subscriptions

Outlook 2018

Full year outlook re-iterated; expected revenue of around €800 million and adjusted EPS1 of around €0.25.

Key figures

(€ in millions, unless stated otherwise)   Q1 '18   Q1 '17  

y.o.y.
change

             
Automotive & Enterprise   79.8   77.5   3%
Telematics 42.8 39.9 7%
Consumer   69.2   95.6   -28%
REVENUE   191.8   213.0   -10%
             
GROSS RESULT 133.5 133.5
Gross margin   70%   63%    
             
EBITDA 44.2 34.0 30%
EBITDA margin   23%   16%    
             
OPERATING RESULT (EBIT) 6.9 -1.5
EBIT margin   4%   -1%    
             
NET RESULT 6.4 -2.2
ADJUSTED NET RESULT   22.6   -6.8    
             
EPS, € fully diluted 0.03 -0.01
Adjusted EPS 1 , € fully diluted   0.10   -0.03    

Change percentages and totals calculated before rounding.

 

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