AMSTERDAM — (BUSINESS WIRE) — October 28, 2014 —
Financial summary Q3 '14
- Revenue of €235 million (Q3 '13: €244 million)
- Gross margin of 57% (Q3 '13: 56%)
- EBIT of €8 million (Q3 '13: €14 million)
- Adjusted1 EPS of €0.07 (Q3 '13: €0.10)
- Net cash position of €104 million (Q3 '13: €52 million)
Operational summary Q3 '14
- New entry-level START range of PNDs introduced
- TomTom Golfer GPS watch launched
- Partnership with Volkswagen Group Research for the development of Highly Automated Driving (HAD) systems
- Partnership with Bosch SoftTec to deliver Advanced Driver Assistance Systems (ADAS)
- Multinet-R map format launched, the first commercial product release from our new map-making platform
- Location-based services product portfolio extended with online turn-by-turn navigation
- Telematics installed base increased to 414,000
Outlook 2014
- Full year outlook for revenue updated; revenue now expected of between €930 million and €950 million. Outlook for adjusted1 EPS of at least €0.25 is unchanged
Key figures2
| (€ in millions) | Q3 '14 | Q3 '13 |
y.o.y. change |
YTD '14 | YTD '13 |
y.o.y. change |
||||||
| Consumer | 153 | 170 | -10% | 447 | 465 | -4% | ||||||
| Automotive | 26 | 26 | 1% | 86 | 85 | 1% | ||||||
| Licensing | 27 | 27 | 0% | 80 | 85 | -6% | ||||||
| Telematics | 28 | 21 | 34% | 79 | 60 | 31% | ||||||
| REVENUE | 235 | 244 | -4% | 692 | 696 | -1% | ||||||
| GROSS RESULT | 133 | 137 | -3% | 390 | 378 | 3% | ||||||
| Gross margin | 57% | 56% | 56% | 54% | ||||||||
| EBITDA | 41 | 41 | 0% | 108 | 110 | -2% | ||||||
| EBITDA margin | 17% | 17% | 16% | 16% | ||||||||
| EBIT | 8 | 14 | -42% | 20 | 21 | -8% | ||||||
| EBIT margin | 3% | 6% | 3% | 3% | ||||||||
| NET RESULT | 6 | 11 | -49% | 22 | 17 | 32% | ||||||
| EPS, € diluted | 0.03 | 0.05 | -49% | 0.10 | 0.07 | 35% | ||||||
| Adjusted 1 EPS, € diluted | 0.07 | 0.10 | -32% | 0.23 | 0.20 | 13% |
