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TomTom Group Reports Second Quarter Results 2008 [1]

Jul 22 2008

TomTom Group Reports Second Quarter Results 2008

Reported TomTom Group financial highlights (includes Tele Atlas from 1 June)

    • Revenue of €453 million
    • EBIT of €92 million representing an EBIT margin of 20%
    • Net result of €52 million; Diluted EPS €0.41
    • Net debt of €1,289 million

Pro forma TomTom Group financial highlights (includes Tele Atlas for all of Q2 and for the prior year)

    • Revenue of €485 million, up 58% sequentially and up 12% year on year
    • EBITDA margin of 23% compared to 26% last year and 6% last quarter
    • Net result of €38 million, up from minus €24 million sequentially and compared to €42 million last year

TomTom Group Q2 2008 operational highlights

    • Acquisition of Tele Atlas completed with unconditional clearance
    • Continued strong consumer demand for PNDs – 3.1 million units sold, up 70% year on year
    • Entire PND product range renewed
    • Unique IQ Routes™ technology introduced

TomTom Group full year outlook

    • Full year outlook for the TomTom and Tele Atlas business units maintained
    • TomTom revenue of between €1.8 billion and €2.0 billion
    • PND volume of between 14 million and 15 million units
    • TomTom gross and operating margins of close to 40% and 20% respectively
    • Tele Atlas full year pro forma revenue of approximately €335 million
    • Tele Atlas full year pro forma adjusted EBITDA of approximately €70 million
    • Consolidated Group revenue expected of between €1.95 billion and €2.15 billion with an EBITDA margin of between 20% and 25%

1]The reported Q2 figures of TomTom Group include Tele Atlas from 1 June 2008; Pro forma figures assume consolidation of Tele Atlas from 1 January 2007

View the full Second quarter results release 2008 in PDF format

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