TomTom Reports Second Quarter 2015 Results

AMSTERDAM — (BUSINESS WIRE) — July 20, 2015Financial summary Q2 '15

  • Revenue of €265 million (Q2 '14: €252 million)
  • Gross margin of 51% (Q2 '14: 56%)
  • EBITDA of €28 million (Q2 '14: €37 million)
  • Net result of €3 million (Q2 '14: €9 million)
  • Adjusted EPS1 of €0.05 (Q2 '14: €0.08)
  • Net cash position of €77 million (Q2 '14: €51 million)

Operational summary Q2 '15

  • Consumer launched the TomTom Bandit Action Camera
  • MyDrive portal and apps introduced, connecting best-in-class traffic-dependent routing service to PNDs
  • Test map data for Highly Automated Driving launched in Metro Detroit
  • Global agreement with Apple for maps and related information renewed and extended
  • Map footprint extended to Australia with the acquisition of Location Navigation from Sensis
  • Telematics passes milestone of 500,000 subscribed vehicles

Outlook 2015

  • Full year outlook re-iterated; Revenue expected of around €1 billion and adjusted EPS1 expected of around €0.20

Key figures

                                     
(€ in millions, unless stated otherwise)     Q2 '15     Q2 '14    

y.o.y.
change

    H1 '15     H1 '14    

y.o.y.
change

                                     
Consumer     164.9     168.5     -2%     286.6     293.6     -2%
Automotive 26.0 30.6 -15% 49.6 59.8 -17%
Licensing 38.6 27.2 42% 67.6 53.2 27%
Telematics     35.1     25.6     37%     66.1     50.7     30%
REVENUE     264.6     252.0     5%     469.9     457.3     3%
                                     
GROSS RESULT 134.6 139.9 -4% 244.5 257.2 -5%
Gross margin     51%     56%           52%     56%      
                                     
EBITDA 27.8 36.9 -25% 49.3 66.6 -26%
EBITDA margin     11%     15%           10%     15%      
                                     
OPERATING RESULT (EBIT) 0.6 10.2 -94% -4.5 11.7 -138%
EBIT margin     0%     4%           -1%     3%      
                                     
NET RESULT 2.5 8.9 -71% -4.4 16.4 -127%
ADJUSTED NET RESULT     12.4     18.4     -33%     14.9     35.8     -58%
                                     
EPS, € fully diluted 0.01 0.04 -72% -0.02 0.07 -126%
Adjusted EPS 1 , € fully diluted     0.05     0.08     -36%     0.06     0.16     -60%

Change percentages are based on non-rounded figures.

 

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