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

SolidCAM: SolidCAM SEE IT LIVE

Featured Video
Jobs
System Designer/Engineer for Bluewater at Southfield, MI
Director of Process Engineering. for Tekni-Plex at Toledo, OH
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, PA
Project Manager for Keystone Aerial Surveys at Philadelphia, PA
GIS Specialist for Fresno Irrigation District at Fresno, CA
Division Engineer for Montana Dept. Of Commerce at Helena, MT
Upcoming Events
Manufacturing in America 2018 at Ford Field 1902 St. Antoine, Detroit MI - Mar 14 - 15, 2018
ACE 2018 Conference at The Westin Indianapolis 241 W Washington St Indianapolis IN - Mar 20 - 22, 2018
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
Kenesto: 30 day trial
Tebis
MasterCAM



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise