TomTom Reports Third Quarter 2017 Results

The cash flow from financing activities was an inflow of €0.9 million, reflecting cash inflow from the exercises of employee stock options. In the quarter, 183 thousand options (Q3 '16: 340 thousand options) were exercised.

- END –

Consolidated condensed statement of income

                 
(€ in thousands)  

Q3 '17
Unaudited

 

Q3 '16
Unaudited

 

YTD '17
Unaudited

 

YTD '16
Unaudited

                 
Revenue   217,666   239,331   683,819   721,711
Cost of sales   77,149   94,690   250,323   308,507
Gross result   140,517   144,641   433,496   413,204
                 
Research and development expenses 51,636 50,680 155,401 140,888
Amortisation of technology and databases 24,429 22,571 71,231 64,304
Marketing expenses 11,633 19,159 47,656 55,762
Selling, general and administrative expenses 58,827 51,278 160,883 142,858
Impairment charge           168,687    
Total operating expenses   146,525   143,688   603,858   403,812
                 
Operating result   -6,008   953   -170,362   9,392
                 
Interest result -247 -404 -740 -1,086
Other financial result -115 513 1,741 991
Result of associates   203   97   556   558
Result before tax   -6,167   1,159   -168,805   9,855
                 
Income tax gain/(expense)   821   -594   -1,153   7,663
Net result   -5,346   565   -169,958   17,518
 
Net result attributable to:                
Equity holders of the parent -5,285 595 -169,797 17,453
Non-controlling interests -61 -30 -161 65
Net result   -5,346   565   -169,958   17,518
                 
Basic number of shares (in thousands) 235,227 232,424 234,246 231,413
Diluted number of shares (in thousands)   237,772   235,265   237,134   234,898
                 
EPS, € basic -0.02 0.00 -0.72 0.08

EPS, € diluted 5

  -0.02   0.00   -0.72   0.07

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