TomTom Reports Second Quarter 2016 Results

TomTom’s Chief Executive Officer, Harold Goddijn

“Overall, we reported a solid set of results in the second quarter. Our gross margin continued to strengthen, as we are reducing our dependency on hardware products by growing recurring content and services business.

Our Automotive order intake is on track, and we are especially pleased that Volvo Cars selected us as global provider of maps, navigation and traffic.

In this quarter, Telematics added a record number of 27,000 vehicles to its installed base and signed an important agreement with PSA Group to offer value-added fleet management services.”

Outlook 2016

We are reiterating our guidance for the year. We expect to grow our revenue to around €1,050 million and adjusted EPS1 to around €0.23.

We expect the level of investment (both CAPEX and OPEX) in our core technologies to be higher than in 20152. In particular, we are investing in advanced content and software for the automotive industry and in our new map-making platform.

Financial and business review

We generated revenue of €265 million in the second quarter, flat compared with the same quarter last year (Q2 '15: €265 million). The decline in Consumer and Licensing revenue (Licensing included a one-off catch-up of €5 million in Q2 '15) was offset by growth in Automotive and Telematics.

We reported a strong gross margin of 55% in the second quarter (Q2 '15: 51%) mainly driven by a higher share of content and services revenue.

The net result for the quarter was a gain of €12 million (Q2 '15: €2.5 million), which translates to an adjusted earnings per share of €0.10 (Q2 '15: €0.05).

Consumer

(€ in millions, unless stated otherwise)   Q2 '16   Q2 '15  

y.o.y.
change

  H1 '16   H1 '15  

y.o.y.
change

 
                           
Consumer products   138.2   147.8   -7%   235.3   248.6   -5%  
Automotive hardware   19.0   17.1   11%   38.6   38.0   2%  
Total Consumer revenue   157.2   164.9   -5%   273.9   286.6   -4%  
                           
Key PND market data                          

Europe3

                         
Market size (# units sold in millions)   1.3   1.6   -18%   2.4   2.9   -16%  
TomTom market share   54%   52%       53%   52%      

North America

                         
Market size (# units sold in millions)   0.6   0.8   -22%   1.1   1.5   -22%  
TomTom market share   21%   18%       19%   17%      

Change percentages and totals calculated before rounding

             
                           

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13  Next Page »



Review Article Be the first to review this article
Trimble

Harris

Featured Video
Jobs
Senior Mechanical Engineer for BAE Systems Intelligence & Security at Arlington, VA
Geospatial Systems Administrator for BAE Systems Intelligence & Security at arnold, MO
Geospatial Analyst - Senior for BAE Systems Intelligence & Security at Springfield, VA
Mechanical Design Engineer 3 for KLA-Tencor at Milpitas, CA
Urban Designer - Urban Design/Planning for SERA Architects, Inc at Portland, OR
Sr Mechanical Design Engineer for Medtronic at mounds view, MN
Upcoming Events
Geospatial World Forum 2018 at Hyderabad International Convention Centre Hyderabad India - Jan 16 - 19, 2018
2018 Annual Convention of Virginia Association of Surveyors at 24 S. Market St Staunton VA - Jan 18 - 20, 2018
ArcGIS: Introduction at Environmental and Natural Resource Building 14 College Farm Rd New Brunswick NJ - Feb 1 - 22, 2018
International LiDAR Mapping Forum at Hyatt Regency 650 15th Street, Denver CO - Feb 5 - 7, 2018
Teledyne Optech
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise