TomTom reports fourth quarter and full year 2016 results

AMSTERDAM — (BUSINESS WIRE) — February 7, 2017Financial summary Q4 '16

  • Revenue of €266 million (Q4 '15: €282 million)
  • Gross margin of 58% (Q4 '15: 49%)
  • EBITDA of €39 million (Q4 '15: €42 million)
  • Cash flow from operating activities of €76 million (Q4 '15: €58 million)

Financial summary FY '16

  • Revenue of €987 million (FY '15: €1,007 million)
  • Gross margin of 57% (FY '15: 52%)
  • EBITDA of €141 million (FY '15: €124 million)
  • Adjusted EPS1 of €0.23 (FY '15: €0.21)
  • Cash flow from operating activities of €144 million (FY '15: €119 million)
  • Net cash position of €133 million (Q4 '15: €98 million)

Operational summary

  • Automotive order intake exceeded €300 million in 2016
  • FCA Group awarded TomTom Automotive ‘Innovation Supplier of the Year 2016’
  • Microsoft partnership announced to bring location-based services to Azure platform
  • Collaborations with SAP, MapQuest and Pitney Bowes extended
  • TomTom City reaches coverage in 100 cities
  • Telematics installed base increased by 15% and recurring subscription revenue increased by 21% year on year
  • Consumer shipped over one million sports devices in the year

Outlook 2017

  • Revenue in the range of €925 million to €950 million
  • Adjusted EPS1 of around €0.25

Key figures

(€ in millions, unless stated otherwise)   Q4 '16   Q4 '15  

y.o.y.
change

  FY '16   FY '15  

y.o.y.
change

                         
Automotive & Licensing   71.7   69.6   3 %   269.0   248.0   8 %
Telematics 41.6 37.0 12 % 155.1 135.0 15 %
Consumer   152.3     175.9     -13 %   563.2     623.6     -10 %
REVENUE   265.6     282.5     -6 %   987.3     1,006.6     -2 %
                         
GROSS RESULT 153.0 139.0 10 % 566.2 518.5 9 %
Gross margin   58 %   49 %       57 %   52 %    
                         
EBITDA 38.6 41.7 -8 % 140.9 123.7 14 %
EBITDA margin   15 %   15 %       14 %   12 %    
                         
OPERATING RESULT (EBIT) -0.5 0.2 8.9 0.6
EBIT margin   0 %   0 %       1 %   0 %    
                         
NET RESULT -5.6 20.9 12.0 18.3
ADJUSTED NET RESULT   11.3     23.1         54.1     49.6      
                         
EPS, € fully diluted -0.02 0.09 0.05 0.08
Adjusted EPS 1 , € fully diluted   0.05     0.10         0.23     0.21      

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