TomTom reports third quarter 2012 results
TomTom reports third quarter 2012 results
Oct 30, 2012
Supporting Materials:
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Financial headlines
- Group revenue of €274 million, down 19% year on year
- Gross margin of 55%, up 4 percentage points year on year
- Total operating expenses of €118 million, down 10% year on year
- EBIT margin 12%, flat year on year
- Adjusted EPS of €0.14 compared to €0.18 in the prior year
- Net cash flow from operating activities of €50 million; €70 million in the prior year
- Net debt reduced to €153 million compared to €194 million at the start of the year
Operational headlines
- Global content, software and services agreement with PSA Peugeot Citroën
- Mazda and Fiat relationships expanded with Mazda6 and Abarth models
- Navigation app for Android smartphones launched
- Growth of WEBFLEET subscriber base to 223,000, up 39% year on year
Outlook full year 2012
- Revised revenue guidance of around €1.05 billion reflecting the impact of the macro-economic conditions in Europe on the automotive industry; guidance for adjusted EPS of around €0.35 maintained
View the full TomTom reports third quarter 2012 results release in PDF format