Amsterdam, the Netherlands, 17 April 2019 7:30 AM CET

FINANCIAL SUMMARY
•     Group Revenue increased by 14% to €170 million (Q1 '18: €149 million)
•     Location Technology revenue increased by 29% (Q1 '19: €103 million; Q1 '18: €80 million
•     Free cash flow for the quarter is an outflow of €20 million (Q1 '18: outflow of €7 million*)

OPERATIONAL SUMMARY
•     First HD map deals announced with leading OEMs
•     New deals with Volkswagen Group, Nissan, FCA and MG for driver navigation announced 
•     TomTom IQ Maps launched, allowing for seamless over-the-air map updates to in-dash navigation systems
•     Divestment of Telematics to Bridgestone completed on the 1st of April 

OUTLOOK
Full year outlook reiterated; expected Group revenue of €675 million, of which Location Technology revenue of €430 million, and around 10% FCF as a percentage of Group revenue.

TOMTOM’S CHIEF EXECUTIVE OFFICER, HAROLD GODDIJN
“We had a good start of the year, winning the first two available HD map deals, which gives us an early position in this growth market.
Additionally, a number of driver navigation deals were announced. Revenue in our core activities was up 29% year on year.
We will continue to invest in further improving the efficiency of our map-making platform and launch innovative products to enable driver navigation, automated driving and Maps APIs.”

KEY FIGURES - Continuing operations

View the full TomTom reports first quarter 2019 results release on our quarterly results website.