TomTom Reports First Quarter 2013 Results

AMSTERDAM — (BUSINESS WIRE) — April 22, 2013

Financial highlights

  • Revenue of €202 million (Q1 2012: €233 million)
  • Gross margin of 56% (Q1 2012: 49%)
  • Adjusted EPS1 of €0.03 (Q1 2012:€ 0.04)
  • Net debt of €14 million (Q4 2012: €86 million)

Operational highlights

  • Traffic deals with Daimler and Toyota announced
  • TomTom navigation to be included in Fiat’s line fitted infotainment system
  • Business Solutions passed the 250,000 WEBFLEET subscribers milestone
  • New ranges of Consumer products announced at Launch Event in Amsterdam

Outlook full year 2013

Full year outlook maintained of revenue of between €900 and €950 million, and adjusted EPS1 of around €0.20.

Key figures

(in € millions)   Q1 '13   Q1 '12   Change
       
Revenue 202 233 -13%
       
Gross result 112 114 -1%
Gross margin 56% 49%  
       
EBITDA 29 28 2%
EBITDA margin 14% 12%  
       
Operating result 0 0  
       
Net result -2 -2  
       
EPS, diluted in € -0.01 -0.01
Adjusted EPS 1 , diluted in € 0.03 0.04  

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