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Investors TOM2 € 8.87 +0.05, +0.59% 17:35 CET, 29/03/2017

Outlook 2017

In 2017, we expect full year revenue of between €925 million and €950 million. Adjusted EPS1 is expected of around €0.25.

We expect the combined revenue of the Automotive, Licensing and Telematics businesses to grow above 10% year on year in 2017, in line with our previous expectations of their combined revenue CAGR of 15% between 2016 and 2020.

In Consumer, we expect the PND revenue to continue to decline; this will be only partially offset by a growing Sports business.

We expect the level of investments (both CAPEX and OPEX) to show a modest increase compared with 20162, excluding acquisitions. In particular, we are investing in advanced content and software for the automotive industry and in our mapmaking activities.

February 2017


1Earnings per fully diluted share count adjusted for acquisition-related expenses & gains on a post-tax basis.

2In 2016, CAPEX was €118 million and OPEX was €557 million