TomTom Reports Second Quarter 2016 Results

AMSTERDAM — (BUSINESS WIRE) — July 18, 2016Financial summary Q2 ' 16

  • Group revenue of €265 million (Q2 '15: €265 million)
  • Gross margin of 55% (Q2 '15: 51%)
  • EBITDA of €44 million (Q2 '15: €28 million)
  • Net result of €12 million (Q2 '15: €3 million)
  • Adjusted EPS1 of €0.10 (Q2 '15: €0.05)
  • Net cash position of €58 million (Q1 '16: €50 million)

Operational summary Q2 '16

  • Consumer reached over 1 million users on the MySports platform
  • Volvo Cars selected TomTom maps, traffic and software for its new infotainment platform
  • HD Map and RoadDNA coverage launched in 17 states across the United States
  • Collaboration with PSA Group announced making the TomTom WEBFLEET fleet management solution available for all connected Peugeot, Citroën and DS fleet vehicles

Outlook 2016

Full year outlook reiterated; Revenue expected of around €1,050 million and adjusted EPS1 expected of around €0.23

Key figures

(€ in millions, unless stated
otherwise)

  Q2 '16   Q2 '15  

y.o.y.
change

  H1 '16   H1 '15  

y.o.y.
change

 
                           
Consumer   157.2   164.9   -5%   273.9   286.6   -4%  
Automotive   34.9   26.0   34%   64.6   49.6   30%  
Licensing   33.2   38.6   -14%   66.9   67.6   -1%  
Telematics   39.9   35.1   14%   77.0   66.1   16%  
REVENUE   265.2   264.6   0%   482.4   469.9   3%  
                           
GROSS RESULT   145.3   134.6   8%   268.6   244.5   10%  
Gross margin   55%   51%       56%   52%      
                           
EBITDA   43.7   27.8   57%   69.3   49.3   41%  
EBITDA margin   16%   11%       14%   10%      
                           
OPERATING RESULT (EBIT)   12.8   0.6       8.4   -4.5      
EBIT margin   5%   0%       2%   -1%      
                           
NET RESULT   12.2   2.5       17.0   -4.4      
ADJUSTED NET RESULT   23.2   12.4   87%   30.7   14.9   106%  
                           
EPS, € fully diluted   0.05   0.01       0.07   -0.02      
Adjusted EPS 1 , € fully diluted   0.10   0.05   87%   0.13   0.06   102%  

Change percentages and totals calculated before rounding

             
                           

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