Edition:
United Kingdom

TOMTOM Q1 EBITDA Shrinks to 18.8 Million Euros


Wednesday, 17 Apr 2019 

April 17 (Reuters) - TOMTOM NV ::REPORTS FIRST QUARTER 2019 RESULTS.Q1 GROUP REVENUE INCREASED BY 14% TO €170 MILLION (Q1 '18: €149 MILLION).Q1 FREE CASH FLOW FOR THE QUARTER IS AN OUTFLOW OF €20 MILLION (Q1 '18: OUTFLOW OF €7 MILLION*).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..WE HAD A GOOD START OF THE YEAR, WINNING FIRST TWO AVAILABLE HD MAP DEALS, WHICH GIVES US AN EARLY POSITION IN THIS GROWTH MARKET - CEO.TO CONTINUE TO INVEST IN FURTHER IMPROVING THE EFFICIENCY OF OUR MAP-MAKING PLATFORM - CEO.Q1 LOCATION TECHNOLOGY REVENUE INCREASED BY 29% (Q1 '19: €103 MILLION; Q1 '18: €80 MILLION).Q1 EBITDA EUR 18.8 MILLION VERSUS EUR 25.7 MILLION YEAR AGO.