TomTom Reports Fourth Quarter and Full Year 2015 Results

AMSTERDAM — (BUSINESS WIRE) — February 8, 2016 — Financial summary Q4 '15

Financial summary FY '15

Group revenue of €1,007 million (FY '14: €950 million)
Gross margin of 52% (FY '14: 55%)
EBIT margin of 0% (FY '14: 2%)
Adjusted EPS¹ of €0.21 (FY '14: €0.27)
Cash flow from operating activities of €119 million (FY '14: €119 million)
Net cash position of €98 million (Q4 '14: €103 million)

Operational summary

Consumer shipped over 600,000 GPS sport watches in the year
Automotive bookings exceeded €300 million in 2015
Multi-year agreement with Uber announced to provide worldwide maps and traffic data
New map-making platform is live
Telematics acquired Finder, leading fleet management service provider in Poland

Outlook 2016

Key figures


(€ in millions, unless stated otherwise)	Q4 '15	Q4 '14	y.o.y. change	FY '15	FY '14	y.o.y. change

Consumer	175.9	172.1	2%	623.6	619.1	1%
Automotive	30.3	23.6	28%	105.9	109.4	-3%
Licensing	39.3	31.6	24%	142.1	111.6	27%
Telematics	37.0	31.1	19%	135.0	110.2	22%
REVENUE	282.5	258.4	9%	1,006.6	950.3	6%

GROSS RESULT	139.0	132.9	5%	518.5	523.3	-1%
Gross margin	49%	51%		52%	55%

EBITDA	41.7	28.2	48%	123.7	135.8	-9%
EBITDA margin	15%	11%		12%	14%

OPERATING RESULT (EBIT)	0.2	1.5		0.6	21.1
EBIT margin	0%	1%		0%	2%

NET RESULT	20.9	0.5		18.3	22.7	-19%
ADJUSTED NET RESULT	23.1	9.7		49.6	60.3	-18%

EPS, € fully diluted	0.09	0.00		0.08	0.10	-22%
Adjusted EPS ¹ , € fully diluted	0.10	0.04		0.21	0.27	-20%

Change percentages are based on non-rounded figures.

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