Q1 2021 RESULTS
Harold Goddijn - CEO Taco Titulaer - CFO
14 APRIL 2021
Operational highlights
- The launch of TomTom Navigation for Automotive
- Our TomTom ADAS map is powering the new Mitsubishi Outlander
- Our database now covers almost 450,000 charging points for the fast-growing EV market
- Our customer base is expanding in key Enterprise markets
2
Market opportunities
Industry change and increasing demand for deliveries are providing growth opportunities in Location Technology
Automotive | Enterprise |
Electric vehicles | |
Safety | Fleet management and logistics |
3 Automated vehicles | On-demand(ride-hailing and food delivery) |
Financial highlights
- Group revenue of €131m (Q1 '20: €131m)
- Location Technology revenue of €105m (Q1 '20: €91m)
- Automotive operational revenue of €74m (Q1 '20: €81m)
- Free cash outflow of €4m (Q1 '20: inflow of €14m)
- Net cash of €352m (Q4 '20: €372m)
- Share buyback resumed, 2.2m shares purchased for €17m
4
Outlook 2021
in € million
Outlook 2021 Actuals 2020
Group revenue | 520 | - 570 | 528 |
Location Technology revenue | 420 | - 450 | 392 |
FCF as % of Group revenue | Around 6% | -5% | |
Note: 2021 outlook based on:
5 • Expectation that car production volumes in 2021 will not reach 2019 levels
• USD FX rate of 1.20
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TomTom NV published this content on 14 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2021 11:52:08 UTC.