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TOMTOM SECOND QUARTER AND HALF YEAR 2021 RESULTS TomTom's Location Technology revenue grows 10 % TOMTOM'S CHIEF EXECUTIVE OFFICER , HAROLD GODDIJN " Looking back on the first half of 2021 , our Enterprise unit showed a strong performance and while we have seen a marked improvement in Automotive , full recovery will take longer . Our innovative technology , including ADAS features , continues to be incorporated by leading brands . We have started to see multiple carlines feature our over - the - air map updates , contributing to a better end - user experience . This success validates our decision to accelerate our online product offerings . We are investing in opportunities to significantly improve our mapmaking platform , leading to more detailed and fresher maps to address a broader set of market segments . " OPERATIONAL SUMMARY - The launch of the new Nissan Qashqai featuring TomTom maps , including ADAS features , and real time traffic A new deal with Genesis , one of Hyundai - Kia Motor Group's premium brands , to provide maps , including ADAS features , and real - time traffic - A new deal providing maps and traffic data to Loop , an AI - based auto insurance provider A new product launch , TomTom Virtual Horizon , an all - in - one solution for Intelligent Speed Assistance - The completion of our share buyback program FINANCIAL SUMMARY SECOND QUARTER 2021 Group revenue increased by 8 % to € 133 million ( Q2 '20 : € 124 million ) Location Technology revenue increased by 10 % to € 103 million ( Q2 '20 : € 94 million ) Automotive operational revenue increased by 63 % to € 63 million ( Q2 '20 : € 39 million ) - Free cash flow is an outflow of € 16 million ( Q2 '20 : outflow of € 54 million ) Net cash of € 319 million ( Q1 '21 : € 352 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 Q2 '21 103.2 29.9 133.1 102.7 77 % Investor Relations Phone | +31 20 757 5194 Email | ir@tomtom.com Amsterdam 15 July 2021 | TOM2 -2.3 -2 % -21.1 -16 % -23.6 -15.8 -12 % Q2 '20 93.8 29.9 123.7 105.8 86 % 7.3 6 % -64.2 -52 % -62.0 -54.0 -44 % y.o.y. change 10 % 0 % 8 % -3 % H1 '21 208.0 56.3 264.3 209.2 79 % H1 '20 185.1 69.8 254.9 208.3 82 % 5.0 2 % -35.3 -141.9 -13 % -56 % -35.1 -124.8 -19.7 -40.3 -7 % -16 % 1.9 1 % y.o.y. change 12 % -19 % 4 % 0 % This report includes the following non - GAAP measures which are further explained at the end of this report : operational revenue ; gross margin ; EBITDA ( margin ) ; EBIT ( margin ) ; free cash flow ; net cash and gross deferred revenue . www.tomtom.com