TomTom reports third quarter 2010 results

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Overig advies 20/10/2010 08:23
Financial highlights Q3 2010
- Group revenue increased by 3% to €375 million
- Automotive and Business Solutions revenue grew by 48% and 37% respectively
- Gross margin of 48% (Q3 2009: 52%) and EBIT margin of 15% (Q3 2009: 19%)
- Operating profit of €55 million; EPS of €0.09 impacted by forex charges
- €125 million of debt redeemed ahead of schedule
Operational highlights Q3 2010

GO LIVE 1000 shipped; new PND range VIA LIVE announced
New Renault, Mazda and Sony in-dash contracts announced
One million connected users milestone passed
Traffic Manifesto launched; commitment to reducing congestion on roads
Outlook 2010

Full year guidance maintained of broadly flat revenue and earnings per share in 20101
TomTom's Chief Executive Officer, Harold Goddijn
"Our Consumer business unit performed well in a soft market through strengthened market share, slowing price declines and an increased contribution from service and subscription sales. We made good progress in securing new automotive contracts and our Business Solutions unit continues to deliver strong increases in subscriber numbers. We are focused on broadening our revenue base and on rolling out high quality content and services to our customers and I am pleased with the progress we are making."

more info on,
http://investors.tomtom.com/releasedetail.cfm?ReleaseID=520478

tijd 10.05
TomTom
EUR 6,-- -6ct en 1,3 miljoen sts omzet.
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