Financial summary Q3 '16
Operational summary Q3 '16
Outlook 2016 updated
As previously announced on 13 October 2016, we are updating our guidance.
We now expect full year group revenue of around €980 million, down from previous guidance of around €1,050 million. Outlook for adjusted EPS1 of around €0.23 is unchanged.
1 Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis.
TomTom's Chief Executive Officer, Harold Goddijn
“Strong growth in Consumer Sports could not offset PND decline we have seen this quarter.
In Automotive, we continue to make good progress in delivering our connected navigation system components to existing and new customers. Our order intake for this year so far is above €200 million, in line with our expectations; TomTom has won the largest deal available to the market this year. Together with orders secured earlier, this will support continued growth in our Automotive business.
This quarter we announced a partnership with NVIDIA to create a cloud-to-car mapping system for High Definition maps for self-driving cars. This collaboration is an important step for TomTom.
Our revenue mix is shifting towards high gross margin, recurring data, software & services income.”
View the full TomTom reports third quarter 2016 results release in PDF format.