TomTom reports fourth quarter and full year 2016 results

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

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

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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