TomTom returns to revenue growth in 2015

Tuesday 9 February 2016 | 10:33 CET | News
TomTom reported fourth-quarter revenues of EUR 282 million, up from EUR 258 million a year ago. While the company's gross margin fell to 49 percent from 51 percent a year earlier, EBITDA improved strongly, to EUR 41.7 million from EUR 28.2 million. However, the weak euro and investments in new technology led to only breakeven at the EBIT level. TomTom also took an impairment charge of EUR 11 million at its auto division. A revaluation of its deferred tax assets helped boost the net profit to EUR 20.9 million from EUR 0.5 million a year ago. TomTom reported its first annual sales growth in

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Categories: Mobile & Wireless
Companies: TomTom
Countries: World
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