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TomTom grows Q2 sales, profits lower

Tuesday 21 July 2015 | 10:34 CET | News
TomTom reported second-quarter sales up at EUR 265 million from EUR 252 million a year earlier. EBITDA fell to EUR 28 million from EUR 37 million, and net profit dropped to EUR 3 million from EUR 9 million. TomTom maintained its outlook for annual sales of EUR 1 billion. Revenues from the consumer division were down 2 percent year-on-year in Q2 to EUR 165 million, and the auto division posted a 15 percent fall in sales to EUR 26 million. Licensing grew by 42 percent to EUR 38.6 million, and telematics revenue was up 37 percent to EUR 35 million. 

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Categories: Mobile & Wireless
Companies: TomTom
Countries: World
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