TomTom Reports Second Quarter 2015 Results

AMSTERDAM — (BUSINESS WIRE) — July 20, 2015 — Financial summary Q2 '15

Revenue of €265 million (Q2 '14: €252 million)
Gross margin of 51% (Q2 '14: 56%)
EBITDA of €28 million (Q2 '14: €37 million)
Net result of €3 million (Q2 '14: €9 million)
Adjusted EPS¹ of €0.05 (Q2 '14: €0.08)
Net cash position of €77 million (Q2 '14: €51 million)

Operational summary Q2 '15

Consumer launched the TomTom Bandit Action Camera
MyDrive portal and apps introduced, connecting best-in-class traffic-dependent routing service to PNDs
Test map data for Highly Automated Driving launched in Metro Detroit
Global agreement with Apple for maps and related information renewed and extended
Map footprint extended to Australia with the acquisition of Location Navigation from Sensis
Telematics passes milestone of 500,000 subscribed vehicles

Outlook 2015

Full year outlook re-iterated; Revenue expected of around €1 billion and adjusted EPS¹ expected of around €0.20

Key figures


(€ in millions, unless stated otherwise)	Q2 '15	Q2 '14	y.o.y. change	H1 '15	H1 '14	y.o.y. change

Consumer	164.9	168.5	-2%	286.6	293.6	-2%
Automotive	26.0	30.6	-15%	49.6	59.8	-17%
Licensing	38.6	27.2	42%	67.6	53.2	27%
Telematics	35.1	25.6	37%	66.1	50.7	30%
REVENUE	264.6	252.0	5%	469.9	457.3	3%

GROSS RESULT	134.6	139.9	-4%	244.5	257.2	-5%
Gross margin	51%	56%		52%	56%

EBITDA	27.8	36.9	-25%	49.3	66.6	-26%
EBITDA margin	11%	15%		10%	15%

OPERATING RESULT (EBIT)	0.6	10.2	-94%	-4.5	11.7	-138%
EBIT margin	0%	4%		-1%	3%

NET RESULT	2.5	8.9	-71%	-4.4	16.4	-127%
ADJUSTED NET RESULT	12.4	18.4	-33%	14.9	35.8	-58%

EPS, € fully diluted	0.01	0.04	-72%	-0.02	0.07	-126%
Adjusted EPS ¹ , € fully diluted	0.05	0.08	-36%	0.06	0.16	-60%
Change percentages are based on non-rounded figures.

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