TomTom Reports First Quarter 2018 Results

The cash flow used in financing activities for the quarter was an outflow of €2.1 million (Q1 '17: €7.1 million). In the quarter, 0.2 million options (Q1 '17: 0.5 million options) related to our long-term employee incentive programmes, were exercised resulting in a €0.7 million cash inflow (Q1 '17: €2.2 million).

- END -

Consolidated condensed statement of income

(€ in thousands)   Q1 '18
Unaudited
  Q1 '17
Unaudited
         
Revenue   191,779   213,034
Cost of sales   58,252   79,558
Gross result   133,527   133,476
         
Research and development expenses 47,950 50,226
Amortisation of technology and databases 24,071 22,429
Marketing expenses 8,180 12,776
Selling, general and administrative expenses   46,440   49,571
Total operating expenses   126,641   135,002
         
Operating result   6,886   -1,526
         
Interest result -417 -429
Other financial result 1,721 398
Result of associates   163   125
Result before tax   8,353   -1,432
         
Income tax (expense)   -1,966   -758
Net result   6,387   -2,190
 
Net result attributable to:        
Equity holders of the parent 6,399 -2,244
Non-controlling interests -12 54
Net result   6,387   -2,190
         
EPS, € basic 0.03 -0.01

EPS, € diluted 1

  0.03   -0.01
         

Basic number of shares (in thousands)

230,086

233,074

Diluted number of shares (in thousands)

 

232,252

 

236,938

 

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