TomTom posts Q1 profit on higher sales

Tuesday 19 April 2016 | 10:18 CET | News
TomTom reported higher sales in the first quarter, of EUR 217 million versus EUR 205 million a year ago. The net result moved to a profit of EUR 4.8 million compared to a loss of EUR 6.9 million in Q1 2015. EBITDA rose to EUR 25.6 million and a margin of 12 percent from EUR 21.4 million and 10 percent margin a year ago. Consumer revenues were still down 4 percent to EUR 116.6 million, while auto sector sales rose 26 percent to EUR 29.7 million. The licensing division grew by 16 percent to EUR 33.7 million, and telematics was up 19 percent to EUR 37.1 million. The number of users at telematics

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Categories: Mobile & Wireless
Companies: TomTom
Countries: World
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