TomTom Reports Second Quarter 2013 Results

AMSTERDAM — (BUSINESS WIRE) — July 24, 2013 — TomTom:

Financial summary

  • Group revenue decreased by 4% to €250 million
  • Consumer revenue decreased by 4% to €149 million
  • PND revenue was flat at €108 million
  • Automotive revenue decreased by 13% to €52 million
  • Licensing revenue was flat at €29 million
  • Business Solutions revenue increased by 13% to €20 million
  • Gross margin of 51% (Q2 2012: 52%)
  • Adjusted EPS¹ of €0.07 (Q2 2012: €0.09)
  • Cash flow from operating activities of €45 million (Q2 2012: €10 million)
  • Net cash position of €6 million

Operational summary

  • New range of PNDs powered by NavKit well received
  • New GPS watches started shipping in July
  • TomTom Traffic powers Maps App in BlackBerry 10
  • Our Traffic covering 32 countries, now available in Russia
  • Business Solutions installed base grew to 269,000 subscribers; 29% year on year growth

2013 outlook

Full year outlook maintained of revenue of between €900 and €950 million, and adjusted EPS1 of around €0.20.

Key figures

 
(in € millions)       Q2 '13       Q2 '12      

y.o.y.
change

      H1 '13       H1 '12      

y.o.y.
change

                                                 
Revenue       250       262       -4%       452       495       -9%
                                                 
Gross profit       128       136       -6%       240       250       -4%
Gross margin       51%       52%               53%       51%        
                                                 
EBITDA 40 41 -3% 69 69 -1%
EBITDA margin       16%       16%               15%       14%        
                                                 
EBIT result 8 14 -45% 8 14 -44%
EBIT margin       3%       5%               2%       3%        
                                                 
Net result       8       9       -14%       5       7       -26%
                                                 
EPS, € diluted 0.03 0.04 -18% 0.02 0.03 -31%

Adjusted EPS, € diluted 1

     

0.07

      0.09       -21%       0.10       0.13       -18%

Change percentages are based on non-rounded figures


1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15  Next Page »



Review Article Be the first to review this article
Synopsys: Custom Compiler

ALDEC:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Reverie: All That Glitters is not Past
More Editorial  
Jobs
Digital and FPGA Hardware Designer for Giga-tronics Incorporated at San Ramon, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Senior Physical Design Engineer for Ambiq Micro at Austin, TX
Upcoming Events
DesignCon 2017 Conference Jan 31 - Feb 2, 2017, Santa Clara Convention Center, Santa Clara, CA at Santa Clara Convention Center Santa Clara CA - Jan 31 - 2, 2017
IPC/Apex Expo 2017, Feb 14-16, 2017, San Diego Convention Center, San Diego, CA at San Diego Convention Center San Diego CA - Feb 14 - 16, 2017
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy