TomTom reports second quarter 2012 results

Financial summary

  • Group revenue decreased by 17% to €262 million
  • Consumer revenue decreased by 26% to €155 million
  • Automotive revenue was flat at €60 million
  • Licensing revenue decreased by 7% to €29 million
  • Business Solutions revenue increased by 26% to €18 million
  • Gross margin of 52% (Q2 2011: 51%)
  • Adjusted EPS1 of €0.09 (Q2 2011: €0.10)
  • Net cash flow from operating activities of €10 million (Q2 2011: -€32 million)
Operational summary
  • Global agreement with Apple for maps and related information
  • New range of Nike+ SportWatch launched
  • WEBFLEET subscriber base grew 37% to 209,000 (Q2 2011: 152,000)
  • 6" PND launched
2012 outlook
  • Guidance maintained to deliver revenue of around €1.1 billion and adjusted EPS of around €0.35.

View the full TomTom reports second quarter 2012 results release in PDF format

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