TomTom Reports fourth quarter and full year results 2007

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Overig advies 21/02/2008 08:07
Full year 2007 financial highlights
• Revenue of €1,737 million, up 27% year-on-year
• PND volume of 9.6 million, up 104% year-on-year
• Gross margin of 44% and operating margin of 25%
• Fully diluted EPS of €2.66 up 40% year on year
• Cash flow from operations of €535 million

Fourth quarter 2007 operational highlights
• Strong performance and European market share of 49%
• Strong growth and increased US market share of 27%
• TomTom HD Traffic TM service launched in the Netherlands
• More than one million Map Share TM reports and corrections received

Outlook 2008
• Continued strong growth of the European and North American PND markets; combined markets expected to grow by more than 50% to 38 million units in 2008, up from 24.5 million units in 2007
• Revenue expectation for 2008 of between €2.0 billion and €2.2 billion
• PND unit forecast for 2008 of between 14 million and 15 million
• Targets for gross margin and operating margin of 40% and 20% of revenue respectively

Key figures*
(in € millions) Q4'07 Q3'07 Change Q4'06 Change
FY '07 FY '06 Change (unaudited) (unaudited)
(unaudited) (audited) (audited)
Revenue 634 427 49% 478 33% 1,737 1,364 27%
Gross profit 268 208 29% 218 23% 764 579 32%
Gross margin 42% 49% 46% 44% 42%
Operating profit 144 133 8% 126 15% 428 340 26%
Operating margin 23% 31% 26% 25% 25%
Net profit 107 99 8% 80 33% 317 222 43%
EPS - fully diluted (in €) 0.87 0.83 6% 0.68 28%
2.66 1.90 40%

* percentages are based on non-rounded figures

zie voor meer info op
http://investors.tomtom.com/tomtom/press/2008/2008-02-21/



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