Revenue growth and increased profitability supported by all business units
AMSTERDAM — (BUSINESS WIRE) — April 25, 2010 — TomTom (AEX:TOM2):
Financial highlights Q1 2010
- Revenue increase of 26% to €268 million (Q1 2009: €213 million)
- Strong performances of Consumer (+16%), Automotive (+216%) and WORK (+33%)
- Profitability increased by 4 ppts for gross margin and 13 ppts for EBIT margin
- Maintain full year guidance of broadly flat revenue and earnings per share in 20101
Operational highlights Q1 2010
- Geographic expansion with maps for India and Ukraine, and PNDs for Mexico and Morocco
- 41% growth in number of WEBFLEET subscriptions
- Expansion of automotive relationships with Alfa Romeo and Ford
- Location and navigation content enriched with gradient, road curvature and ADAS-quality geometry
TomTom’s Chief Executive Officer, Harold Goddijn
“We performed well this first quarter, reporting significant year on year revenue growth due to the strong performance of all our business units. In addition, both our gross and operating margins increased by several percentage points. On the product front we remain on track with our product development to bring exciting new innovations to the market this year.’’
Key figures2
| (in € millions) | Q1'10 | Q1'09 | y.o.y. change | Q4'09 | q.o.q. change | ||||||
| Revenue | 268 | 213 | 26% | 533 | -50% | ||||||
| Gross result | 144 | 107 | 34% | 245 | -41% | ||||||
| Gross margin | 54% | 50% | 46% | ||||||||
| EBITDA | 44 | 10 | 350% | 136 | -68% | ||||||
| EBITDA margin | 16% | 5% | 26% | ||||||||
| EBIT | 17 | -16 | 111 | ||||||||
| EBIT margin | 6% | -7% | 21% | ||||||||
| Net result | 3 | -37 | 73 | ||||||||
| EPS, € diluted | 0.01 | -0.25 | 0.33 | ||||||||
|
Adjusted EPS 3 , € diluted |
0.07 | -0.13 | 0.39 |
