AMSTERDAM — (BUSINESS WIRE) — July 24, 2013 — TomTom:
Financial summary
- Group revenue decreased by 4% to €250 million
- Consumer revenue decreased by 4% to €149 million
- PND revenue was flat at €108 million
- Automotive revenue decreased by 13% to €52 million
- Licensing revenue was flat at €29 million
- Business Solutions revenue increased by 13% to €20 million
- Gross margin of 51% (Q2 2012: 52%)
- Adjusted EPS¹ of €0.07 (Q2 2012: €0.09)
- Cash flow from operating activities of €45 million (Q2 2012: €10 million)
- Net cash position of €6 million
Operational summary
- New range of PNDs powered by NavKit well received
- New GPS watches started shipping in July
- TomTom Traffic powers Maps App in BlackBerry 10
- Our Traffic covering 32 countries, now available in Russia
- Business Solutions installed base grew to 269,000 subscribers; 29% year on year growth
2013 outlook
Full year outlook maintained of revenue of between €900 and €950 million, and adjusted EPS1 of around €0.20.
Key figures
| (in € millions) | Q2 '13 | Q2 '12 |
y.o.y.
|
H1 '13 | H1 '12 |
y.o.y.
|
||||||||||||||||||
| Revenue | 250 | 262 | -4% | 452 | 495 | -9% | ||||||||||||||||||
| Gross profit | 128 | 136 | -6% | 240 | 250 | -4% | ||||||||||||||||||
| Gross margin | 51% | 52% | 53% | 51% | ||||||||||||||||||||
| EBITDA | 40 | 41 | -3% | 69 | 69 | -1% | ||||||||||||||||||
| EBITDA margin | 16% | 16% | 15% | 14% | ||||||||||||||||||||
| EBIT result | 8 | 14 | -45% | 8 | 14 | -44% | ||||||||||||||||||
| EBIT margin | 3% | 5% | 2% | 3% | ||||||||||||||||||||
| Net result | 8 | 9 | -14% | 5 | 7 | -26% | ||||||||||||||||||
| EPS, € diluted | 0.03 | 0.04 | -18% | 0.02 | 0.03 | -31% | ||||||||||||||||||
|
Adjusted EPS, € diluted 1 |
0.07 |
0.09 | -21% | 0.10 | 0.13 | -18% | ||||||||||||||||||
|
Change percentages are based on non-rounded figures |
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