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TomTom Q2 results -down but not out

 
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Darren
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PostPosted: Thu Jul 25, 2013 9:21 am    Post subject: TomTom Q2 results -down but not out Reply with quote

pocketgpsworld.com
TomTom have published better than expected second quarter of 2013 earnings.

Overall group and consumer revenue both decreased by 4% and automotive revenue fell by 13%. Licensing revenue was flat and, perhaps surprisingly, revenue from PND sales has not fallen but remains flat.

On a positive note, TomTom's business solutions revenue grew 13% and now has more than 269,000 subscribers.

TomTom reported a net profit of 8.65 million euros, a fall of 14% compared with the 10.46 million euros reported for the same period in 2012, and revenue of 250 million euros, down from 261 million euros last year. Gross margin decreased by 1%.

Source: corporate.tomtom.com

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dhn
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Location: Toronto CANADA

PostPosted: Thu Jul 25, 2013 10:44 am    Post subject: Reply with quote

Now that we have finished with the baby watch, sadly we can get back to the TomTom Death watch....... Sad
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