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
