TomTom Reports First Quarter 2017 Results

Change percentages and totals calculated before rounding.

Total depreciation and amortisation costs amounted to €33 million compared with €30 million in Q1 '16. This increase is mainly caused by higher amortisation of technology and databases, which is a result of increased capital expenditures in the past years.

Financial income and expenses

The net interest charge for the quarter was €0.2 million versus a net interest charge of €0.3 million in Q1 '16. The other financial result for the quarter was a gain of €0.4 million (Q1 '16: gain of €1.7 million).

Income tax

The net income tax for the quarter was close to nil versus a net income tax gain of €7.3 million in Q1 '16. The income tax gain in Q1 ’16 was mainly the result of remeasurement of our deferred tax assets and liabilities.

Net result and adjusted EPS

(€ in millions, unless stated otherwise)   Q1 '17   Q1 '16  

y.o.y.
change

             
Net result   -4.6   4.8    
Net result attributed to equity holders   -4.6   4.8  
Remeasurement of deferred tax liability 0.0 -7.6
Acquisition-related expenses 14.9 13.7 8%
Tax effect of adjustments   -3.2   -3.0   8%
Adjusted net result   7.0   7.9   -11%
             
Adjusted EPS, € fully diluted   0.03   0.03    

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