TomTom posts net loss on flat revenues in Q1

Tuesday 21 April 2015 | 10:52 CET | News
TomTom reported first-quarter sales flat year-on-year at EUR 205 million. The navigation systems maker posted a net loss of EUR 6.9 million, versus a profit of EUR 7.6 million a year earlier. EBITDA fell to EUR 21.4 million from EUR 29.7 million over the same period, and the margin dropped to 10 percent from 14 percent. Consumer sales were down 3 percent to EUR 121.6 million, and the auto division dropped 19 percent to EUR 23.6 million in revenue. The Telematics division continued to grow, increasing sales 24 percent to EUR 31.1 million, and licensing revenue was up 12 percent to EUR 29

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Categories: Mobile & Wireless
Companies: TomTom
Countries: World
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