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We are re-iterating our guidance for the year.
In 2017, we expect full year revenue of between €925 million and €950 million. Adjusted EPS1 is expected of around €0.25.
We expect the combined revenue of the Automotive, Licensing and Telematics businesses to grow above 10% year on year in 2017, in line with our previous expectations of their combined revenue CAGR of 15% between 2016 and 2020.
We expect the level of investments (both CAPEX and OPEX) to show a modest increase compared with 20162, excluding acquisitions.
19 April 2017
1Earnings per fully diluted share count adjusted for acquisition-related expenses & gains on a post-tax basis.
2In 2016, CAPEX was €118 million and OPEX was €557 million