TomTom Reports Third Quarter 2017 Results

Total depreciation and amortisation was €37 million in Q3 '17, compared with €32 million in the same quarter last year. Acquisition-related amortisation remained flat at €14 million in the quarter (Q3 '16: €14 million).

Financial income and expenses
Financial income and expenses, excluding results of associates, amounted to an expense of €0.4 million in Q3 '17 compared to a gain of €0.1 million in Q3 '16.

Income tax
The net income tax for the quarter was a gain of €0.8 million versus a net income tax expense of €0.6 million in the same quarter last year.

Net result and adjusted EPS

                         
(€ in millions, unless stated otherwise)   Q3 '17   Q3 '16

 

y.o.y.
change

  YTD '17   YTD '16  

y.o.y.
change

                         
Net result   -5.3   0.6       -170.0   17.5    
Net result attributed to equity holders   -5.3   0.6   -169.8   17.5  
Remeasurement of deferred tax liability -7.6
Impairment charge 168.7
Acquisition-related expenses 15.3 13.7 11% 45.8 41.1 11%
Restructuring charge 15.4 15.4
Tax effect of adjustments   -6.6   -2.6   155%   -13.3   -8.2   62%
Adjusted net result   18.8   11.7   60%   46.8   42.8   9%
                         
Adjusted EPS, € fully diluted   0.08   0.05   59%   0.20   0.18   8%

Change percentages and totals calculated before rounding.


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