TOMTOM’S CHIEF EXECUTIVE OFFICER, HAROLD GODDIJN

"In the first quarter of 2024, revenue was comparable to the same quarter last year. While Location Technology revenue remained flat, we made significant progress in maturing our product offering and expanding our business development efforts.

This quarter, we reached global coverage with TomTom Orbis Maps. With our new maps, we are extending our market reach, addressing a broader range of use cases and industries. We have expanded our sales funnel and are gaining momentum."

OPERATIONAL SUMMARY

We had commercial success in addressing a broadening variety of use cases and industries in Enterprise, ranging from insurance tech to geomarketing
Our TomTom Orbis Maps now feature global coverage, supporting advanced map visualization, routing, and POI search
Our €50 million share buyback, aimed at reducing our share capital, was 64% completed by the end of the quarter

FINANCIAL SUMMARY

Group revenue decreased by 1% to €139 million (Q1 '23: €141 million)
Location Technology revenue increased by 0.5% to €119 million (Q1 '23: €118 million)
Automotive operational revenue decreased by 6% to €79 million (Q1 '23: €84 million)
Free cash flow1 was an outflow of €9 million (Q1 '23: inflow of €10 million)
Net cash of €284 million (Q4 '23: €315 million)

KEY FIGURES

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tijd 13.02
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