TomTom Reports Fourth Quarter and Full Year 2017 Results

At year-end 2017, TomTom repaid all its outstanding bank borrowings and reported a net cash position of €121 million (Q4 '16: net cash of €133 million).

Cash flow

The cash flow from operating activities for the quarter was €98 million compared with €76 million in Q4 '16. The year on year increase was mainly driven by lower working capital utilisation in Q4 '17. On a full year basis, cash flow from operating activities was €173 million compared with €144 million in 2016.

The cash flow used in investing activities during the quarter increased by €3.0 million year on year to €29 million (Q4 '16: €26 million). On a full year basis, the cash flow used in investing activities (excluding the effect of acquisitions) was €120 million, an increase of €2.6 million year on year (FY '16: €117 million). The vast majority of the investments related to map content and various technology platforms to support growth in Automotive and Enterprise.

CAPEX (excluding acquisitions)

 
(€ in millions)     Q4 '17   Q4 '16  

y.o.y.

change

    FY '17   FY '16  

y.o.y.

change

 
                               
Map content     8.5   8.2   4%     31.2   26.9   16%
Mapmaking platform 9.2 6.1 51% 33.0 30.3 9%
Applications 3.4 1.9 79% 15.0 12.4 21%
Customer specific 4.5 4.4 2% 20.5 19.6 5%
Telematics 2.8 3.2 -13% 12.7 10.6 20%
Other     1.0   2.6   -62%     7.8   17.7   -55%  
Total     29.3   26.4   11%     120.2   117.5   2%  

Change percentages and totals calculated before rounding.

 

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