TomTom NV
29 Oct, 2014

TomTom reports third quarter 2014 results

Financial summary Q3 '14

Operational summary Q3 '14

Outlook 2014

1Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis.
2Segment revenue breakdown reflects TomTom's new reporting structure as announced on 28 March 2014.

TomTom's Chief Executive Officer, Harold Goddijn
"We reported a solid set of results in the third quarter and generated strong cash from operations.

We launched a number of new products across our businesses, such as our first sport watch for golfers, a line of fully customisable driver terminals and an online turn-by-turn navigation product.

We also achieved a very important milestone with the commercial release of the MultiNet-R map format in September. This map format is the first product fully built from our new map-making platform. With incremental updating at the core of its design, MultiNet-R will serve as a key component in delivering short cycle times between detecting changes in the real world and updating the map on the end-user's devices.

In Automotive, we continue to make good progress in delivering our connected navigation system components. Our bookings for this year so far are above €170 million, which together with orders secured earlier will support growth in our Automotive business from 2016 onwards."

View the full TomTom reports third quarter 2014 results release in PDF format.