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TomTom : Q1 2023 Results presentation
April 14, 2023 at 08:06 am EDT
Q1 2023 Results
Harold Goddijn - CEO
Taco Titulaer - CFO
Operational highlights for the quarter
Momentum in our Location Technology business, with a deepened partnership with SAP and our Navigation SDK gaining traction in Enterprise markets
Robust growth of the installed base for our automated driving solutions, which doubled in a year and outperformed the market
On track for a phased launch of the TomTom Maps Platform, which will bring new maps and significant value to customers and partners
Financial highlights for the quarter
Group revenue of €141m (up from €128m in Q1 '22)
Location Technology revenue of €118m (up from €105m in Q1 '22)
Automotive operational revenue of €84m (up from €68m in Q1 '22)
Free cash flow 1 of €10m (improved from an outflow of €23m in Q1 '22)
Net cash of €321m (up from €304m at the end of Q4 '22) 1 Free cash flow excludes restructuring charges related to the Maps realignment announced in June 2022
Outlook 2023
Outlook
Actual
in € million
2023
2022
Group revenue
540 - 580
536
Location Technology
455 - 485
436
revenue
FCF1 as % of Group
0% - +5%
-5%
revenue
1 Free cash flow excludes restructuring charges related to the Maps realignment announced in June 2022.
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TomTom NV published this content on 14 April 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 14 April 2023 12:05:09 UTC .
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TomTom NV is the leading independent location technology specialist. The company provides location data and technology to carmakers, businesses, and developers, leveraging its extensive experience and broad array of customers and partners. Its application-ready maps, routing, real-time traffic, APIs, and SDKs power a wide variety of use cases across all industries.
TomTom NV operates two business segments: Location Technology (83.9% of net sales) and Consumer (16.1%).
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