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News Release Details


TomTom Reports second quarter 2008 Results

Jul 21, 2008
TomTom Reports Second Quarter 2008 Results

Reported TomTom Group financial highlights (includes Tele Atlas from 1 June)

  • Revenue of €453 million


  • EBIT of €92 million representing an EBIT margin of 20%
  • Net result of €52 million; Diluted EPS €0.41
  • Net debt of €1,289 million

 

Pro forma TomTom Group financial highlights (includes Tele Atlas for all of Q2 and for the prior year)



  • Revenue of €485 million, up 58% sequentially and up 12% year on year
  • EBITDA margin of 23% compared to 26% last year and 6% last quarter
  • Net result of €38 million, up from minus €24 million sequentially and compared to €42 million last year

 

TomTom Group Q2 2008 operational highlights



  • Acquisition of Tele Atlas completed with unconditional clearance
  • Continued strong consumer demand for PNDs – 3.1 million units sold, up 70% year on year
  • Entire PND product range renewed
  • Unique IQ Routes™ technology introduced

 

TomTom Group full year outlook



  • Full year outlook for the TomTom and Tele Atlas business units maintained
        - TomTom revenue of between €1.8 billion and €2.0 billion
        - PND volume of between 14 million and 15 million units
        - TomTom gross and operating margins of close to 40% and 20% respectively
        - Tele Atlas full year pro forma revenue of approximately €335 million
        - Tele Atlas full year pro forma adjusted EBITDA of approximately €70 million 


  • Consolidated Group revenue expected of between €1.95 billion and €2.15 billion with an EBITDA margin of between 20% and 25%

 

View the full  Second quarter results release 2008 in PDF format