TomTom Reports Fourth Quarter and Full Year 2013 Results

AMSTERDAM — (BUSINESS WIRE) — February 10, 2014

Financial summary Q4 '13

  • Group revenue of €268 million (Q4 '12: €289 million)
  • Gross margin of 54% (Q4 '12: 53%)
  • EBIT margin of 2% (Q4 '12: 9%)
  • Cash flow from operating activities of €51 million (Q4 '12: €91 million)

Financial summary FY '13

  • Group revenue of €963 million (FY '12: €1,057 million)
  • Gross margin of 54% (FY '12: 52%)
  • EBIT margin of 3% (FY '12: 7%)
  • Adjusted1 EPS of €0.26 (FY '12: €0.40)
  • Cash flow from operating activities of €180 million2 (FY '12: €167 million)
  • Net cash of €83 million (YE '12: net debt of €86 million)

Operational summary Q4 '13

  • TomTom Traffic launched in Brazil
  • TomTom Traffic enters into a partnership agreement with Total Traffic + Weather Network (Clear Channel) in North America
  • Business Solutions grows its installed base by 38% year on year to 330,000 WEBFLEET subscriptions

Outlook 2014

  • Revenue of around €900 million
  • Adjusted1 EPS of around €0.20

Key figures

                         
(€ in millions)   Q4 '13   Q4 '12  

y.o.y.
change

  FY '13   FY '12  

y.o.y.
change

                         
Consumer   165   187   -12%   567   639   -11%
Automotive 46 44 3% 192 212 -9%
Licensing 32 37 -14% 119 133 -10%
Business Solutions   24   20   19%   85   73   16%
REVENUE   268   289   -7%   963   1,057   -9%
                         
GROSS RESULT 143 154 -7% 521 555 -6%
Gross margin   54%   53%       54%   52%    
                         
EBITDA 33 53 -37% 143 181 -21%
EBITDA margin   12%   18%       15%   17%    
                         
OPERATING RESULT (EBIT) 4 25 -83% 26 70 -64%
EBIT margin   2%   9%       3%   7%    
                         
NET RESULT   3   99   -97%   20   129   -84%
                         
EPS, € diluted 0.01 0.45 -97% 0.09 0.58 -85%
Adjusted 1 EPS, € diluted   0.06   0.13   -52%   0.26   0.40   -34%

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