TomTom Reports First Quarter 2018 Results

Total depreciation and amortisation expenses amounted to €37 million in the quarter, 5% higher compared with last year (Q1 '17: €36 million). This increase is caused by higher amortisation of technology and databases, which is a result of increased capital expenditures in the past years.

FX sensitivity

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

Q1 '18
recalculated at
Q1 '17

FX rates1

         
Revenue   191.8   196.2
 
Gross result 133.5 132.4
Gross margin 70% 67%
 
EBIT 6.9 3.2
EBIT margin 4% 2%
 
FX RATES IN € Q1 '18 Q1 '17
US dollar 1.22 1.06
GB pound   0.88   0.86

¹The Q1 '18 income and expense in US dollar and GB pound have been converted
to euro using Q1 '17 average exchange rates. All other foreign currencies have not
been converted.

 

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