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 16 of this report.

TomTom's Chief Executive Officer, Harold Goddijn

“Our business continues to shift towards higher gross margins, better predictability due to longer term contracts and more upfront cash flows. Over 60% of our revenue is now coming from data, software and services. We are becoming a software technology company, with a leading position in connected car, fleet management and online location and navigation services.

As a result of significant wins in North America, Automotive order intake exceeded €400 million in 2017, a new record. We have over 800,000 cars connected to our fleet management platform. Our online location and navigation services will become part of Microsoft’s Azure platform in 2018.”

Outlook 2018

Forward-looking statements (and restated comparable 2017 figures) are provided using IFRS 15 and IFRS 16 accounting standards. Going forward, the definition of adjusted EPS is changed to better reflect the transition of our business model towards a software and services company.

				Outlook 2018				Restated 2017
Revenue*				~ €800 million				€903 million
Gross margin				close to 70%				63%
Adjusted EPS**				~ €0.25				€0.18
OPEX & CAPEX (excl. acquisitions)				~ €700 million				€721 million

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