TomTom Reports Second Quarter 2017 Results

AMSTERDAM — (BUSINESS WIRE) — July 18, 2017 — TomTom (AEX:TOM2)

Financial summary Q2 '17

  • Revenue of €253 million (Q2 '16: €265 million)
  • Gross margin of 63% (Q2 '16: 55%)
  • EBITDA of €45 million (Q2 '16: €44 million)
  • Non-cash impairment charge on the entire goodwill of the Consumer segment of €169 million
  • Net result of -€160 million (Q2 '16: €12 million)
  • Adjusted EPS1 of €0.09 (Q2 '16: €0.10)
  • Net cash position of €82 million (Q2 '16: €58 million)

Operational summary Q2 '17

  • TomTom High Definition (HD) map coverage expanded to all motorways in Western Europe
  • TomTom Traffic service expanded to 64 countries from 54 countries
  • TomTom and Baidu have joined forces to develop global HD maps
  • Collaboration with Bosch announced to create first radar localisation map layer
  • Telematics passes milestone of 750,000 subscribed vehicles

New share buy-back program

TomTom intends to repurchase ordinary TomTom shares for an amount up to €50 million, representing 2.5% of total issued share capital.2

Outlook 2017

Full year revenue outlook updated; we now expect to deliver full year revenue around the lower end of our guidance of between €925 million and €950 million.

Outlook for adjusted EPS1 of around €0.25 is unchanged.

Key figures

(€ in millions, unless stated
otherwise)

  Q2 '17   Q2 '16  

y.o.y.
change

  H1 '17   H1 '16  

y.o.y.
change

                         
Automotive & Licensing   87.0   68.1   28%   161.1   131.5   23%
Telematics 40.1 39.9 0% 80.7 77.0 5%
Consumer   126.3   157.2   -20%   224.3   273.9   -18%
REVENUE   253.4   265.2   -4%   466.2   482.4   -3%
                         
GROSS RESULT 160.6 145.3 11% 293.0 268.6 9%
Gross margin   63%   55%       63%   56%    
                         
EBITDA 45.2 43.7 4% 73.2 69.3 6%
EBITDA margin   18%   16%       16%   14%    
                         
OPERATING RESULT (EBIT) -159.5 12.8 -164.4 8.4
EBIT margin   -63%   5%       -35%   2%    
                         
NET RESULT -160.1 12.2 -164.6 17.0
ADJUSTED NET RESULT   21.0   23.2   -10%   28.0   30.7   -9%
                         
EPS, € fully diluted -0.68 0.05 -0.70 0.07

Adjusted EPS 1 , € fully diluted

  0.09   0.10   -11%   0.12   0.13   -10%

Change percentages and totals calculated before rounding.


1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23  Next Page »



Review Article Be the first to review this article


Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Canada Generates Jobs Creation Excitement in September
Jobs
Structural Engineer 2 (Engineer 2) for Los Alamos National Laboratory at Los Alamos,, New Mexico
Design Engineer (Engineer 1/2) for Los Alamos National Laboratory at Los Alamos,, New Mexico
Architect for Hutton at Wichita, Afghanistan
Structural Engineer for Kiewit at Lenexa, Kansas
3D Designer and Developer for Los Alamos National Laboratory at Los Alamos,, New Mexico
Mechanical Engineer for Flextronics at Milpitas, California
Upcoming Events
2020 Design-Build Conference & Expo! at Gaylord National Resort & Convention Center National Harbor MD - Oct 28 - 30, 2020
Beyond 2020 conference (virtual) at Gothenburg Sweden - Nov 2 - 4, 2020
ABX | ArchitectureBoston Expo at Boston Convention & Exhibition Center Boston MA - Nov 4 - 5, 2020
Greenbuild 2020 at San Diego Convention Center San Diego CA - Nov 4 - 7, 2020
Kenesto: 30 day trial
Digital Cities
CADalog.com - Countless CAD add-ons, plug-ins and more.



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise