AMSTERDAM — (BUSINESS WIRE) — July 18, 2017 — TomTom (AEX:TOM2)
Financial summary Q2 '17
- Revenue of €253 million (Q2 '16: €265 million)
- Gross margin of 63% (Q2 '16: 55%)
- EBITDA of €45 million (Q2 '16: €44 million)
- Non-cash impairment charge on the entire goodwill of the Consumer segment of €169 million
- Net result of -€160 million (Q2 '16: €12 million)
- Adjusted EPS1 of €0.09 (Q2 '16: €0.10)
- Net cash position of €82 million (Q2 '16: €58 million)
Operational summary Q2 '17
- TomTom High Definition (HD) map coverage expanded to all motorways in Western Europe
- TomTom Traffic service expanded to 64 countries from 54 countries
- TomTom and Baidu have joined forces to develop global HD maps
- Collaboration with Bosch announced to create first radar localisation map layer
- Telematics passes milestone of 750,000 subscribed vehicles
New share buy-back program
TomTom intends to repurchase ordinary TomTom shares for an amount up to €50 million, representing 2.5% of total issued share capital.2
Outlook 2017
Full year revenue outlook updated; we now expect to deliver full year revenue around the lower end of our guidance of between €925 million and €950 million.
Outlook for adjusted EPS1 of around €0.25 is unchanged.
Key figures
|
(€ in millions, unless stated
|
Q2 '17 | Q2 '16 |
y.o.y.
|
H1 '17 | H1 '16 |
y.o.y.
|
|||||||
| Automotive & Licensing | 87.0 | 68.1 | 28% | 161.1 | 131.5 | 23% | |||||||
| Telematics | 40.1 | 39.9 | 0% | 80.7 | 77.0 | 5% | |||||||
| Consumer | 126.3 | 157.2 | -20% | 224.3 | 273.9 | -18% | |||||||
| REVENUE | 253.4 | 265.2 | -4% | 466.2 | 482.4 | -3% | |||||||
| GROSS RESULT | 160.6 | 145.3 | 11% | 293.0 | 268.6 | 9% | |||||||
| Gross margin | 63% | 55% | 63% | 56% | |||||||||
| EBITDA | 45.2 | 43.7 | 4% | 73.2 | 69.3 | 6% | |||||||
| EBITDA margin | 18% | 16% | 16% | 14% | |||||||||
| OPERATING RESULT (EBIT) | -159.5 | 12.8 | -164.4 | 8.4 | |||||||||
| EBIT margin | -63% | 5% | -35% | 2% | |||||||||
| NET RESULT | -160.1 | 12.2 | -164.6 | 17.0 | |||||||||
| ADJUSTED NET RESULT | 21.0 | 23.2 | -10% | 28.0 | 30.7 | -9% | |||||||
| EPS, € fully diluted | -0.68 | 0.05 | -0.70 | 0.07 | |||||||||
|
Adjusted EPS 1 , € fully diluted |
0.09 | 0.10 | -11% | 0.12 | 0.13 | -10% | |||||||
|
Change percentages and totals calculated before rounding. |
|||||||||||||
