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News Release Details

TomTom reports first quarter 2013 results

Apr 23, 2013
Supporting Materials:

TomTom reports first quarter 2013 results


Financial highlights

  • Revenue of €202 million (Q1 2012: €233 million)
  • Gross margin of 56% (Q1 2012: 49%)
  • Adjusted EPS¹ of €0.03 (Q1 2012:€ 0.04)
  • Net debt of €14 million (Q4 2012: €86 million)

Operational highlights

  • Traffic deals with Daimler and Toyota announced
  • TomTom navigation to be included in Fiat's line fitted infotainment system
  • Business Solutions passed the 250,000 WEBFLEET subscribers milestone
  • New ranges of Consumer products announced at Launch Event in Amsterdam

Outlook full year 2013
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
"In the quarter we delivered results in line with expectations and a strong gross margin.

The product unit structure we implemented last year is starting to deliver on its goal of making componentised products out of our map, navigation and traffic assets. The launch of NavKit is a major milestone; our new navigation software is being rebuilt from the ground up and will be available for licensing to automotive and enterprise customers.

We are excited to see the first consumer products based on our new technologies enter the market. The new PND range with its map and traffic centric display will bring more context to navigation. With the sport watches we are combining our GPS knowledge with our expertise in creating products that are easy to use. We will continue to work on bringing innovations to the market and reiterate our outlook for the full year."

1 Earnings per share adjusted for impairment, acquisition-related amortisation and restructuring charges on a post-tax basis.

View the full TomTom reports first quarter 2013 results release in PDF format