The condensed consolidated financial information for the three-month and nine-month period ended 30 September 2017 with related comparative information has been prepared using accounting policies which are based on International Financial Reporting Standards (IFRS) as endorsed by the EU. Accounting policies and methods of computation followed in the condensed consolidated financial information, for the period ended 30 September 2017, 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. Unless otherwise indicated, the condensed consolidated financial information in this press release has not been audited nor reviewed.
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, amortisation and impairment
charges
EBITDA margin is calculated as operating result plus
depreciation, amortisation and impairment charges divided by revenue
Adjusted
net result is calculated as net result attributed to equity holders
adjusted for acquisition-related expenses and gains, impairments and
material restructuring costs on a post-tax basis
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
Audio webcast third quarter 2017 results
The information
for our audio webcast is as follows:
Date and time: 20 October 2017
at 14:00 CEST
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, traffic, and navigation
software. Our consumer products include PNDs, navigation apps, and
sports watches. 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.
The forward-looking statements contained herein speak only as of the date they are made. We do not assume any obligation to update any public information or forward-looking statement in this document to reflect events or circumstances after the date of this document, except as may be required by applicable laws.
This document contains inside information as meant in clause 7 of the Market Abuse Regulation.
1 Earnings per fully diluted share count adjusted for
acquisition-related expenses & gains, impairments and material
restructuring costs on a post-tax basis.
2 Previous full
year revenue guidance was around €925 million.
3 In
2016, CAPEX was €118 million and OPEX was €557 million. Year to date in
2017, we spent €24.5 million on acquisition-related CAPEX and €15.4
million on restructuring charges.
