Full year outlook maintained of revenue of between €900 and €950 million, and adjusted EPS1 of around €0.20.
TomTom's Chief Executive Officer, Harold Goddijn
"Overall our financial performance for the second quarter was better than expected because of solid results in the Consumer division. Automotive continued to be affected by weak European markets.
We started to bring our new Consumer product ranges to market towards the end of the quarter in the form of PNDs and sport watches. We expect to benefit from the new navigation engine and user interface in the PNDs more broadly across our product ranges in the future.
We moved into a cash positive balance sheet position and maintained our outlook for 2013."
1 Earnings per share adjusted for impairment, acquisition-related gain & amortisation and restructuring charges on a post-tax basis.
View the full TomTom reports second quarter 2013 results release in PDF format