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TOMTOM THIRD QUARTER 2021 RESULTS TomTom pushes forward despite reduced car production TOMTOM'S CHIEF EXECUTIVE OFFICER , HAROLD GODDIJN " The first nine months of 2021 have delivered both positives and negatives . Enterprise continues to perform solidly . But the recovery of Automotive has lagged expectations because industrywide semiconductor supply chain issues are hampering car production volumes . Encouragingly , the way we engage with our customers is evolving from a traditional supplier relationship to a partner approach . This is leading to longer - term partnerships , customer intimacy , productive software engineering collaborations and better products . " OPERATIONAL SUMMARY – The extension of our long - standing partnership with Enterprise software company Precisely , a leading player in data management and integrity - The launch of the new Jeep Grand Cherokee and Jeep Compass including our full stack navigation technology - The launch of the new Fiat Ducato , Europe's most popular van , equipped with navigation , ADAS and connected services FINANCIAL SUMMARY THIRD QUARTER 2021 Group revenue decreased by 14 % ( Q3 '20 : € 148 million ) Location Technology decreased by 10 % ( Q3 '20 : € 106 million ) Automotive operational revenue decreased by 17 % to € 58 million ( Q3 '20 : € 70 million ) Free cash flow is an outflow of € 14 million ( Q3 '20 : outflow of € 20 million ) Net cash of € 302 million ( Q2 '21 : € 319 million ) - KEY FIGURES ( € in millions ) 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 Q3 '21 95.4 32.1 Investor Relations Phone | +31 20 757 5194 Email ir@tomtom.com 127.5 103.6 81 % -5.3 -4 % -22.5 -18 % -20.8 -13.5 -11 % Q3 '20 105.6 42.3 147.9 112.0 76 % 3.9 3 % -67.6 -46 % -67.0 -20.0 -14 % y.o.y. change -10 % -24 % -14 % -7 % Amsterdam 14 October 2021 | TOM2 YTD '21 303.4 88.4 391.8 312.9 80 % -0.4 0 % -57.8 -15 % -55.9 -33.2 -8 % YTD '20 290.7 112.1 402.8 320.3 80 % 5.7 1 % -209.6 -52 % -191.7 -60.3 -15 % y.o.y. change 4 % -21 % -3 % -2 % 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