AMSTERDAM — (BUSINESS WIRE) — April 28, 2014 —
Financial summary Q1 '14
- Revenue of €205 million (Q1 '13: €202 million)
- Gross margin of 57% (Q1 '13: 56%)
- EBIT of €2 million (Q1 '13: €0 million)
- Adjusted1 EPS of €0.08, of which €0.04 relates to one-off tax gain (Q1 '13: €0.03)
- Net cash of €44 million
Operational summary Q1 '14
- TomTom Cardio GPS sports watch with integrated heart rate monitor launched
- TomTom BRIDGE, a programmable driver terminal for B2B customers, announced
- Latest generation of PNDs introduced in North America
- TomTom maps and navigation software extended into the new Alfa Romeo MiTo MY 2014 range and the entire Fiat 500L family
- TomTom Traffic made available in China, Taiwan and Singapore
- The LINK200, an entry-level track and trace device launched
Outlook 2014
- Full year outlook updated; revenue now expected of at least €900 million and adjusted1 EPS of around €0.25
Key figures2
| (€ in millions) | Q1 '14 | Q1 '13 | y.o.y. change | |||||||||
| Consumer | 125 | 124 | 1% | |||||||||
| Automotive | 29 | 29 | 1% | |||||||||
| Licensing | 26 | 30 | -12% | |||||||||
| Telematics | 25 | 19 | 29% | |||||||||
| REVENUE | 205 | 202 | 2% | |||||||||
| GROSS RESULT | 117 | 112 | 4% | |||||||||
| Gross margin | 57% | 56% | ||||||||||
| EBITDA | 30 | 29 | 3% | |||||||||
| EBITDA margin | 14% | 14% | ||||||||||
| EBIT | 2 | 0 | ||||||||||
| EBIT margin | 1% | 0% | ||||||||||
| NET RESULT | 8 | -2 | ||||||||||
| EPS, € diluted | 0.03 | -0.01 | ||||||||||
| Adjusted 1 EPS, € diluted | 0.08 | 0.03 | 118% |
