Q2 2022 RESULTS
Harold Goddijn - CEO Taco Titulaer - CFO
15 JULY 2022
Operational highlights
- Improvements in our mapmaking process, resulting in a realignment of our organization
- The launch of our Navigation SDK for mobile, enabling developers to build customized navigation applications
- A partnership with the Dutch Ministry of Infrastructure and Water Management to improve road safety
- The launch of the new Opel Astra and Citroën C5 by Stellantis, both featuring our full stack navigation solution
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Financial highlights
- Group revenue of €133m (Q2 '21: €133m)
- Location Technology revenue of €105m (Q2 '21: €103m)
- Automotive operational revenue of €71m (Q2 '21: €63m)
- Restructuring charge in operating expenses of €31m
- Free cash flow of €0m (Q2 '21: outflow of €16m)
- Net cash of €329m (Q2 '21: €319m)
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Outlook 2022 & 2023
in € million
Actual Outlook Outlook
2021 2022 2023
Group revenue | 507 | 470 - 510 | 500 - 550 |
Location Technology | 394 | 380 - 420 | 425 - 475 |
revenue | |||
FCF as % of Group | + 5% | Around | At least |
revenue | - 5% | + 5% | |
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Thank you - Any questions?
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