Financial summary Q2 '18
Operational summary Q2 '18
TOMTOM'S CHIEF EXECUTIVE OFFICER, HAROLD GODDIJN
“Our positive start to 2018 carried through in the second quarter of the year. Automotive continued to grow strongly and our gross margin further strengthened, resulting in year on year gross profit growth.
Our map production system has been reinforced through automated multi-source map fusion and machine learning, allowing for faster cycle times and lower operational costs. We are also happy to announce that Microsoft’s Azure Maps, powered by TomTom, are now offered for general availability.”
We are increasing our guidance for the year.
Due to higher demand from our Automotive customers, we now expect to deliver full year revenue of around €825 million. Previous full year revenue guidance was around €800 million.
We expect our operational expenditure to show a modest decline compared to 2017, excluding impairment and restructuring.
The above effects will increase the adjusted EPS to at least €0.30.
1 Earnings per fully diluted share count adjusted for movement of deferred revenue, unbilled revenue, deferred cost of sales, impairments and material restructuring and disposal costs on a post-tax basis.
View the full TomTom reports second quarter 2018 results release on our quarterly results website.