0
Wireless

TomTom improves profits on flat Q2 sales

Tuesday 19 July 2016 | 16:24 CET | News
TomTom reported flat sales and a strong improvement in profits for the second quarter. Revenues at the navigation device maker were unchanged year-on-year at EUR 265 million, as a 5 percent fall in the consumer market was offset by sold growth in the automotive and telematics markets. Net profit jumped to EUR 12.2 million from EUR 3 million a year ago. The gross margin rose to 55 percent from 51, and EBITDA rose to EUR 44 million from EUR 28 million. TomTom maintained its outlook for an increase in annual sales to EUR 1.05 billion and EPS of EUR 0.23.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: TomTom
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Here unveils real-time data services for automotive industry

Published 26 Sep 2016 15:07 CET | World
Here launched vehicle-sourced data services for the auto-industry aimed at making driving safer and more enjoyable for billions ...

TomTom kent vlakke omzet in Q2, winst naar 12 miljoen euro

Published 19 Jul 2016 10:24 CET | World
TomTom kende een tweede kwartaal met een sterke winststijging en een vlakke omzet. De totale opbrengsten kwamen in het tweede ...

TomTom posts Q1 profit on higher sales

Published 19 Apr 2016 10:18 CET | World
TomTom reported higher sales in the first quarter, of EUR 217 million versus EUR 205 million a year ago. The net result moved to ...

TomTom returns to revenue growth in 2015

Published 09 Feb 2016 10:33 CET | World
TomTom reported fourth-quarter revenues of EUR 282 million, up from EUR 258 million a year ago. While the company's gross margin ...





Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
::: More Calendar Items