- Financial summary Q1 '15
Group revenue of €205 million (Q1 '14: €205 million)
Gross margin of 54% (Q1 '14: 57%)
EBITDA of €21 million (Q1 '14: €30 million)
Adjusted EPS1 of €0.01 (Q1 '14: €0.08, of which €0.04 related to a one-off tax gain)
Net cash position of €77 million (Q1 '14: €44 million)
Operational summary Q1 '15

Consumer launched the new TomTom RIDER for motorcyclists
Volkswagen selects TomTom Maps in North America and TomTom Traffic in Europe
TomTom to deliver LIVE Services to Hyundai and Kia in Europe
Global partnership with Fiat extended to deliver maps and navigation in the Uconnect™ infotainment system in Latin America
Telematics increased its installed base by 39% and recurring subscription revenue by 32% year on year
Outlook 2015

Full year outlook re-iterated; Revenue expected of around €1 billion and adjusted EPS1 expected of around €0.20.

1 Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis.

TomTom's Chief Executive Officer, Harold Goddijn
"We have started the year in line with our expectations. Our Consumer activities held up well in the first quarter, through a combination of a resilient PND market and growth in sports products. Our Automotive business contracted as anticipated and newly booked business continued at levels which will support a growing business. We saw continued strong growth in our Telematics recurring subscription revenue and Licensing delivered double-digit revenue growth in the quarter."

tijd 09.02
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