TomTom grows Q3 revenues 8%, profits lower

Tuesday 20 October 2015 | 13:06 CET | News
TomTom reported third-quarter sales up 8 percent year-on-year to EUR 254 million. Net profit fell to EUR 2 million from EUR 6 million a year ago, and EBITDA dropped to EUR 33 million from EUR 41 million. The company's gross margin fell to 53 percent from 57. TomTom maintained its outlook for full-year sales of around EUR 1 billion. In the third quarter, revenue growth came from the consumer division, up 5 percent to EUR 161 million, and Telematics, up 12 percent to EUR 31 million. Auto sales were flat at EUR 26 million, while licensing revenues rose 32 percent to EUR 35 million. TomTom said

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Categories: General
Companies: TomTom
Countries: World
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