Financial summary Q3 '14

Revenue of €235 million (Q3 '13: €244 million)
Gross margin of 57% (Q3 '13: 56%)
EBIT of €8 million (Q3 '13: €14 million)
Adjusted1 EPS of €0.07 (Q3 '13: €0.10)
Net cash position of €104 million (Q3 '13: €52 million)
Operational summary Q3 '14

New entry-level START range of PNDs introduced
TomTom Golfer GPS watch launched
Partnership with Volkswagen Group Research for the development of Highly Automated Driving (HAD) systems
Partnership with Bosch SoftTec to deliver Advanced Driver Assistance Systems (ADAS)
Multinet-R map format launched, the first commercial product release from our new map-making platform
Location-based services product portfolio extended with online turn-by-turn navigation
Telematics installed base increased to 414,000
Outlook 2014

Full year outlook for revenue updated; revenue now expected of between €930 million and €950 million. Outlook for adjusted1 EPS of at least €0.25 is unchanged


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1Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis.
2Segment revenue breakdown reflects TomTom's new reporting structure as announced on 28 March 2014.

TomTom's Chief Executive Officer, Harold Goddijn
"We reported a solid set of results in the third quarter and generated strong cash from operations.

We launched a number of new products across our businesses, such as our first sport watch for golfers, a line of fully customisable driver terminals and an online turn-by-turn navigation product.

We also achieved a very important milestone with the commercial release of the MultiNet-R map format in September. This map format is the first product fully built from our new map-making platform. With incremental updating at the core of its design, MultiNet-R will serve as a key component in delivering short cycle times between detecting changes in the real world and updating the map on the end-user's devices.

In Automotive, we continue to make good progress in delivering our connected navigation system components. Our bookings for this year so far are above €170 million, which together with orders secured earlier will support growth in our Automotive business from 2016 onwards."

View the full TomTom reports third quarter 2014 results release in PDF format.


Top German insurance provider selects TomTom Telematics.
Amsterdam, 29 October 2014 – TomTom Telematics today announced a new deal with Signal Iduna, a leading insurance provider in Germany, who has launched an innovative new car insurance policy through sijox, its young customer brand. “AppDrive powered by TomTom” uses a smartphone app to provide feedback on driving performance, to help increase road safety awareness for young drivers.

AppDrive powered by TomTom presents actionable data insights from TomTom’s LINK 100, such as harsh braking, steering and acceleration, to a driver’s smartphone. Policy holders using the app benefit from an immediate discount on the sijox insurance package ‘My Mobility’ from Signal Iduna. The discount will increase the longer they drive responsibly, encouraging young drivers to adopt safer, more efficient driving habits.

Policy holders can self-install the LINK 100 device by plugging it directly into the diagnostics port of their car. Driving behaviour is reported once installed; and drivers can be assured of location privacy as the LINK 100 does not transmit the vehicle’s position.

“We are delighted that a leading insurance provider like Signal Iduna has chosen TomTom Telematics to develop innovative new products,” Thomas Schmidt, Managing Director, TomTom Telematics. "Our technology continues to help our partners in the insurance and motor industry to offer a new generation of young drivers the tools to identify areas of risk, and make adjustments to improve their road safety.”

AND

TomTom to use real-time weather information to calculate faster routes
Amsterdam, 29 October 2014 - TomTom (TOM2) today announces it will enable even faster journeys for drivers by calculating routes based on actual weather conditions.

As well as providing precise traffic jam information, TomTom Traffic now warns drivers about upcoming slow moving traffic due to heavy rain or snow. By being better informed about the weather situation up ahead, drivers can now take smarter decisions about how to get to their destinations faster.

"By knowing the exact traffic situation across the entire road network we can calculate the quickest route to help people get to their destination faster." said Ralf-Peter Schäfer, head of TomTom Traffic. "We know that bad weather is often unpredictable and can cause significant travel delays. Now, by factoring in the weather, we give drivers more advanced knowledge about the road ahead to make journeys faster and more predictable."

TomTom is the first company to use real-time weather information to calculate routes and arrival times.

tijd 09.03
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