TomTom NV
19 Apr, 2016

TomTom reports first quarter 2016 results

Financial summary Q1 '16

Operational summary Q1 '16

Outlook 2016

Key figures

1 Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis
2 Net result in Q1 '16 includes a gain from a remeasurement of certain deferred tax assets and liabilities

TomTom's Chief Executive Officer, Harold Goddijn

"TomTom started the year with good revenue growth in Sport and B2B activities.

Consumer Sport saw the sell-out nearly doubling year on year and the new sport watches are winning numerous awards, which is another proof point of success.

Automotive delivered a strong performance and announced many customer deals during the quarter. We extended HD map and RoadDNA coverage in the quarter, enabling self-driving car testing in key regions of the US. Autonomous Driving continues to push boundaries; at TomTom we're excited to be playing a role in enabling the automotive industry to bring this closer to reality.

We are also developing new products for the Connected Car services industry, which take advantage of the capabilities of our Telematics technology. This allows us to target new business and consumer markets, including OEMs, dealerships, importers, servicing and leasing companies and the usage-based insurance (UBI) sector."

View the full TomTom reports first quarter 2016 results release in PDF format.