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News Release Details


TomTom Reports third quarter 2008 Results

Oct 28, 2008
TomTom Group financial highlights  
  •  Revenue of €429 million 
  • Gross profit of €240 million; gross profit margin of 56% 
  •  EBITDA of €118 million; EBITDA margin of 28% 
  •  Net income of €58 million; Diluted EPS €0.46 
  •  Net debt of €1,322 million

    TomTom Group operational highlights 
  •  North American and European PND markets combined grew 40% year on year in volume 
  •  Leading market share of 45% in Europe and more than 20% in North America maintained 
  •  GO LIVE X40 series announced offering LIVE Services in Europe from Q4 2008 
  •  First Tele Atlas map incorporating TomTom Map Share™ changes launched 
  •  Partnership with Renault announced to deliver in-dash navigation to Renault cars in mid 2009 
  •  New Tele Atlas senior management team members appointed

    TomTom Group full year outlook 
  •  TomTom Group (reported)
    - Revenue of between €1.75 billion and €1.85 billion
    - EBITDA margin of between 20% and 24%
  • TomTom business - Revenue of between €1.6 billion and €1.7 billion
    - PND volume of between 12 million and 13 million
    - Gross and EBIT margin of close to 40% and 20% respectively maintained 
  •  Tele Atlas business (pro forma)
    - Revenue of approximately €310 million
    - Adjusted EBITDA of approximately €60 million

View the full Third quarter results release 2008 in PDF format