TomTom NV
12 Feb, 2015

TomTom reports fourth quarter and FY 2014 results

Financial summary Q4 '14

Financial summary FY '14

Operational summary Q4 '14

Outlook 2015

Key figures

1Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis.
2€180 million excludes a €80 million one-off tax gain received from the Dutch tax authorities.
3Segment revenue breakdown reflects TomTom's new reporting structure as announced on 28 March 2014.
4Net result adjusted for acquisition-related amortisation & gain on a post-tax basis.

TomTom's Chief Executive Officer, Harold Goddijn

"2014 was a good year for TomTom. We made substantial progress in developing our core technologies across the group, achieving important milestones and positioning TomTom for growth.

With the introduction of our own branded GPS sport watches we made a successful step into the sport market. We will continue to bring innovative new Consumer products to the market. Our Automotive bookings exceeded €220 million this year, which together with orders secured earlier will deliver growth in our Automotive business from 2016 onwards. Our Telematics business continued to grow strongly, fuelled by a combination of organic growth and acquisitions.

The progress we made over the past two years gives us confidence for the future and we are committed to deliver top line growth in 2015.

We expect to have fully replaced our map-making system with a transaction-based platform that will enable near real-time maps, in the second half of 2015. With this technological innovation, TomTom is well positioned to address the need for accurate and up-to-date maps, for navigation applications and driver assistance applications, including Highly Automated Driving."

View the full TomTom reports fourth quarter and full year 2014 results release in PDF format