TomTom NV
19 Jul, 2016

TomTom reports second quarter 2016 results

Financial summary Q2 '16

Operational summary Q2 '16

Outlook 2016

Full year outlook reiterated; Revenue expected of around €1,050 million and adjusted EPS1 expected of around €0.23

Key figures

1 Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis.

TomTom's Chief Executive Officer, Harold Goddijn

"Overall, we reported a solid set of results in the second quarter. Our gross margin continued to strengthen, as we are reducing our dependency on hardware products by growing recurring content and services business.

Our Automotive order intake is on track, and we are especially pleased that Volvo Cars selected us as global provider of maps, navigation and traffic.

In this quarter, Telematics added a record number of 27,000 vehicles to its installed base and signed an important agreement with PSA Group to offer value-added fleet management services."

View the full TomTom reports second quarter 2016 results release in PDF format.