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Outlook 2019

We are updating our full year guidance.

Outlook 2019
Actuals 2018
Revenue  €700 million  €687 million
Of which Location Technology €425 million €372 million
Adjusted EPS*, fully diluted €0.20 €0.32
FCF as % of revenue 9% 13%

16 October 2019

Adjusted earnings per share is calculated as net result of continuing operations attributed to equity holders adjusted for
movement of deferred/unbilled revenue, impairments and acquisition related amortization on a post-tax basis divided by the
weighted average number of diluted shares over the period.