Q1 2023 Results

Harold Goddijn - CEO

Taco Titulaer - CFO

14 April 2023

Operational highlights for the quarter

  • Momentum in our Location Technology business, with a deepened partnership with SAP and our Navigation SDK gaining traction in Enterprise markets
  • Robust growth of the installed base for our automated driving solutions, which doubled in a year and outperformed the market
  • On track for a phased launch of the TomTom Maps Platform, which will bring new maps and significant value to customers and partners

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Financial highlights for the quarter

  • Group revenue of €141m (up from €128m in Q1 '22)
  • Location Technology revenue of €118m (up from €105m in Q1 '22)
  • Automotive operational revenue of €84m (up from €68m in Q1 '22)
  • Free cash flow1 of €10m (improved from an outflow of €23m in Q1 '22)
  • Net cash of €321m (up from €304m at the end of Q4 '22)

1 Free cash flow excludes restructuring charges related to the Maps realignment announced in June 2022

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Outlook 2023

Outlook

Actual

in € million

2023

2022

Group revenue

540 - 580

536

Location Technology

455 - 485

436

revenue

FCF1 as % of Group

0% - +5%

-5%

revenue

1 Free cash flow excludes restructuring charges related to the Maps realignment announced in June 2022.

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Thank you

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TomTom NV published this content on 14 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2023 12:05:09 UTC.