TomTom Reports third quarter 2008 Results
TomTom Reports third quarter 2008 Results
Oct 28, 2008
Report - Q3 Results 2008 372.4 KB
Q3 Results 2008 10.9 KB
- Revenue of €429 million
- Gross profit of €240 million; gross profit margin of 56%
- EBITDA of €118 million; EBITDA margin of 28%
- Net income of €58 million; Diluted EPS €0.46
- Net debt of €1,322 million
TomTom Group operational highlights - North American and European PND markets combined grew 40% year on year in volume
- Leading market share of 45% in Europe and more than 20% in North America maintained
- GO LIVE X40 series announced offering LIVE Services in Europe from Q4 2008
- First Tele Atlas map incorporating TomTom Map Share™ changes launched
- Partnership with Renault announced to deliver in-dash navigation to Renault cars in mid 2009
- New Tele Atlas senior management team members appointed
TomTom Group full year outlook - TomTom Group (reported)
- Revenue of between €1.75 billion and €1.85 billion
- EBITDA margin of between 20% and 24% - TomTom business - Revenue of between €1.6 billion and €1.7 billion
- PND volume of between 12 million and 13 million
- Gross and EBIT margin of close to 40% and 20% respectively maintained - Tele Atlas business (pro forma)
- Revenue of approximately €310 million
- Adjusted EBITDA of approximately €60 million
View the full Third quarter results release 2008 in PDF format