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TOMTOM FIRST QUARTER 2021 RESULTS Location Technology delivers 15 % year - on - year revenue growth TOMTOM'S CHIEF EXECUTIVE OFFICER , HAROLD GODDIJN " We had a positive start to the year , showing solid progress in product development and attracting new customers . The release of TomTom Navigation for Automotive , our cloud - native hybrid solution , further strengthens our leading position as a Location Technology specialist . It is the most comprehensive navigation system available to automakers today . In Enterprise we expanded our customer base in the fleet and logistics and on - demand markets . " OPERATIONAL SUMMARY The launch of TomTom Navigation for Automotive Our TomTom ADAS map is powering the new Mitsubishi Outlander Our database now covers almost 450,000 charging POIS for the fast - growing EV market 2.2 million shares repurchased through share buyback program FINANCIAL SUMMARY FIRST QUARTER 2021 Group revenue of € 131 million ( Q1 '20 : € 131 million ) Location Technology revenue increased by 15 % to € 105 million ( Q1 '20 : € 91 million ) - Automotive operational revenue decreased by 8 % to € 74 million ( Q1 '20 : € 81 million ) Free cash flow is an outflow of € 4 million ( Q1 '20 : inflow of € 14 million ) Net cash is € 352 million ( Q4 '20 : € 372 million ) KEY FIGURES ( € in millions , unless stated otherwise ) Location Technology Consumer Revenue Gross result Gross margin EBITDA EBITDA margin Operating result ( EBIT ) Operating margin Net result Free cash flow ( FCF ) FCF as a % of revenue Amsterdam 14 April 2021 | TOM2 Q1 '21 104.8 26.4 131.2 106.5 81 % 7.3 6 % Investor Relations Phone | +31 20 757 5194 Email | ir@tomtom.com -14.2 -11 % -11.5 -3.9 -3 % Q1 '20 91.3 39.9 131.2 102.6 78 % -5.4 -4 % -77.7 -59 % -62.8 13.7 10 % y.o.y. change 15 % -34 % 0 % 4 % This report includes the following non - GAAP measures which are further explained on page 8 : operational revenue ; gross margin ; EBITDA ( margin ) ; EBIT ( margin ) ; free cash flow and net cash . www.tomtom.com