TomTom Reports Third Quarter 2017 Results

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AMSTERDAM — (BUSINESS WIRE) — October 19, 2017 — TomTom (AEX:TOM2):

Financial summary Q3 '17

Revenue of €218 million (Q3 '16: €239 million)
Gross margin of 65% (Q3 '16: 60%)
EBITDA of €31 million (Q3 '16: €33 million)
Adjusted EPS¹ of €0.08 (Q3 '16: €0.05)
Net cash position of €102 million (Q3 '16: €81 million)
Deferred revenue position of €240 million (Q3 '16: €206 million)

Operational summary Q3 '17

Traffic service expanded to 68 countries
Launch of TomTom EV Service providing real-time availability for charging points for drivers of electric vehicles
Telematics recognised by Berg Insight as Europe's leading and most innovative provider of fleet management solutions (for the third year running)
Strategic review of Consumer Sports in progress

Outlook 2017
Full year revenue outlook updated. Due to recent reorganisation of Consumer Sports, revenue is now expected of around €900 million². Outlook for adjusted EPS¹ of around €0.25 is unchanged.

Key figures


(€ in millions, unless stated otherwise)	Q3 '17	Q3 '16	y.o.y. change	YTD '17	YTD '16	y.o.y. change

Automotive & Licensing	81.1	65.7	23%	242.2	197.2	23%
Telematics	39.4	36.5	8%	120.1	113.6	6%
Consumer	97.2	137.1	-29%	321.5	410.9	-22%
REVENUE	217.7	239.3	-9%	683.8	721.7	-5%

GROSS RESULT	140.5	144.6	-3%	433.5	413.2	5%
Gross margin	65%	60%		63%	57%

EBITDA	31.2	33.1	-6%	104.4	102.3	2%
EBITDA margin	14%	14%		15%	14%

OPERATING RESULT (EBIT)	-6.0	1.0		-170.4	9.4
EBIT margin	-3%	0%		-25%	1%

NET RESULT	-5.3	0.6		-170.0	17.5
ADJUSTED NET RESULT	18.8	11.7	60%	46.8	42.8	9%

EPS, € fully diluted	-0.02	0.00		-0.72	0.07
Adjusted EPS ¹ , € fully diluted	0.08	0.05	59%	0.20	0.18	8%
Change percentages and totals calculated before rounding.
This report includes the following non-GAAP measures: gross margin, EBIT (margin), EBITDA (margin), adjusted net result, adjusted EPS and net cash, which are further explained on page 11 of this report.

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