TomTom Reports First Quarter 2016 Results

AMSTERDAM — (BUSINESS WIRE) — April 18, 2016Financial summary Q1 ' 16

  • Group revenue of €217 million (Q1 '15: €205 million)
  • Gross margin of 57% (Q1 '15: 54%)
  • EBITDA of €26 million (Q1 '15: €21 million)
  • Adjusted EPS1 of €0.03 (Q1 '15: €0.01)
  • Net cash position of €50 million (Q1 '15: €77 million)

Operational summary Q1 ' 16

  • Consumer launched TomTom RIDER 410 for motorcyclists and the GO Mobile app for iPhone
  • PSA Group launched its new global infotainment platform, built on the full suite of TomTom products
  • Partnership with Fiat extended to deliver maps, traffic and navigation on the all new Uconnect™ 7” HD Nav and Uconnect™ 7” HD Nav LIVE systems
  • HD Maps and RoadDNA coverage launched for all interstates and highways in California and Nevada
  • Telematics increased its installed base by 30% and recurring subscription revenue by 28% year on year

Outlook 2016

  • Full year outlook re-iterated; Revenue expected of around €1,050 million and adjusted EPS1 expected of around €0.23.

Key figures

                   
(€ in millions)     Q1 '16     Q1 '15     y.o.y. change  
                     
Consumer     116.6     121.6     -4%  
Automotive     29.7     23.6     26%  
Licensing     33.7     29.0     16%  
Telematics     37.1     31.1     19%  
REVENUE     217.2     205.3     6%  
                     
GROSS RESULT     123.3     109.9     12%  
Gross margin     57%     54%        
                     
EBITDA     25.6     21.4     19%  
EBITDA margin     12%     10%        
                     
OPERATING RESULT (EBIT)     -4.3     -5.1        
EBIT margin     -2%     -2%        
                     

NET RESULT 2

    4.8     -6.9        
ADJUSTED NET RESULT     7.9     2.4        
                     
EPS, € fully diluted     0.02     -0.03        
Adjusted EPS 1 , € fully diluted     0.03     0.01        

Change percentages and totals are based on non-rounded figures

 
                     

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