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News Release Details


TomTom reports fourth quarter and full year 2016 results

Feb 8, 2017

Financial summary Q4 '16

  • Revenue of €266 million (Q4 '15: €282 million)
  • Gross margin of 58% (Q4 '15: 49%)
  • EBITDA of €39 million (Q4 '15: €42 million)
  • Cash flow from operating activities of €76 million (Q4 '15: €58 million)

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

  • Revenue in the range of €925 million to €950 million
  • Adjusted EPS1 of around €0.25
Key figures
 
 
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 1 Earnings per fully diluted share count adjusted for acquisition-related expenses & gains on a post-tax basis.
 
TomTom's Chief Executive Officer, Harold Goddijn
“We reported revenue of €987 million in 2016, which is slightly below last year. We are increasing high margin recurring data, software & services business, which now reflects nearly 50% of our revenue mix and more than 70% of our gross result mix. Gross result grew strongly this year with 9%.
 
Our Automotive products and roadmap continue to be well received, resulting in order intake for 2016 of over €300 million. Order intakes from previous years are now starting to deliver a strong revenue growth in Automotive. We are working with many automotive OEMs and Tier1s to integrate our HD Maps into the self-driving systems they are developing. In early 2017, we acquired Autonomos, a Berlin-based start-up that will give us greater insights and capabilities into the Autonomous Driving software stack. 
 
Telematics reached a subscriber base of nearly 700,000 subscriptions, representing the largest European fleet management business.”
 
View the full TomTom reports fourth quarter and full year 2016 results release in PDF format.