Home PageFacebookRSS News Feed
PocketGPS
Web
SatNav,GPS,Navigation
MacFixer, the iPhone, iPod, and iPad specialists
Pocket GPS World - SatNavs | GPS | Speed Cameras: Forums

Pocket GPS World :: View topic - TomTom Reports Euro 33m Loss for Q1 2009
 Forum FAQForum FAQ   SearchSearch   UsergroupsUsergroups   ProfileProfile   Log in for private messagesLog in for private messages   Log inLog in 

TomTom Reports Euro 33m Loss for Q1 2009

 
Post new topic   Reply to topic    Pocket GPS World Forum Index -> News And Latest Information
View previous topic :: View next topic  
Author Message
Darren
Pocket GPS Staff
Pocket GPS Staff


Joined: 11/07/2002 14:36:40
Posts: 23848
Location: Hampshire, UK

PostPosted: Thu Apr 23, 2009 9:23 am    Post subject: TomTom Reports Euro 33m Loss for Q1 2009 Reply with quote

pocketgpsworld.comTomToms First Quarter results for 2009 were published yesterday and they make grim reading for the troubled Dutch company.

Total revenue was Euro 213m, down 31% on the Euro 317m revenue in the same period on 2008 and Euro 528m for the last quarter of 2008.

This is the first time TomTom have reported a loss and comes despite TomTom having reduced operating expenses by 30%. With debt increased to Euro 1,159m (up 50m since Q4 2008) TomTom still has a long way to go before it can attain the healthy balance sheets it used to enjoy.

The figures were blamed on distributors and retailers lowering stock levels as a result of the tough economic conditions but TomTom's Chief Executive Officer, Harold Goddijn said, ""Although sell in was difficult end user demand was in line with our expectations and it was encouraging that the market in North America continued to grow."

Partnership's with Renault and Toyota continue. The latest Renault Scenic mini People Carrier has recently been announced and will come with the option of an in-dash TomTom navigation system and they are continuing to migrate the business to a broader profile.
_________________
Darren Griffin - Editor
Back to top
View user's profile Send private message Send e-mail Visit poster's website
deejaydee
Occasional Visitor


Joined: Dec 14, 2007
Posts: 2

PostPosted: Fri Apr 24, 2009 11:46 am    Post subject: Reply with quote

This is hardly surprising given todays highly competitive market. TT have enjoyed a protected market position for too long and have got complacent. My first two devices 3 years ago were ahead of the competition by miles but my latest two vesions have vastly inferior software to the originals, the lack of an SD card renders the basic devices useless for upgrading to European maps if required and the absolute lack of even the most basic customer service from TT is breathtaking. And how long do they expect the buying public to put up with a device that falls off the windscreen whenever the temperature drops below about 12 degrees. Surely it's not too much to expect this high tech device to stick to a glass surface.
Needless to say I wont be buying TT any more.
Incidentally I fed back all my product comments to TT in a constructive manner - guess what - no acknowledgement!
Happy driving
John
Back to top
View user's profile Send private message
FrequentFlyer
Lifetime Member


Joined: Jun 12, 2006
Posts: 960
Location: London

PostPosted: Sat Apr 25, 2009 10:50 pm    Post subject: They had it coming......... Reply with quote

I'd fire their marketing guru/s forthwith..... TT7 classic example of where they've gone wrong......"You will buy our own standalone products in future....(apart from Germany.)"...Oh yeah ? Idiots.
Back to top
View user's profile Send private message







Posted: Today    Post subject: Pocket GPS Advertising

Back to top
Display posts from previous:   
Post new topic   Reply to topic    Pocket GPS World Forum Index -> News And Latest Information All times are GMT + 1 Hour
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Powered by phpBB 2.0.11 © 2001 phpBB Group
phpBB port v2.1 based on Tom Nitzschner's phpbb2.0.6 upgraded to phpBB 2.0.4 standalone was developed and tested by:
ArtificialIntel, ChatServ, mikem,
sixonetonoffun and Paul Laudanski (aka Zhen-Xjell).

Version 2.1 by Nuke Cops 2003 http://www.nukecops.com

Make a Donation



CamerAlert Database

Click here for the PocketGPSWorld.com Speed Camera Database

Download Speed Camera Database
20.115 (30 Nov 22)



WORLDWIDE SPEED CAMERA SPOTTERS WANTED!

Click here to submit camera positions to the PocketGPSWorld.com Speed Camera Database


12mth Subscriber memberships awarded every week for verified new camera reports!

Submit Speed Camera Locations Now


CamerAlert Apps



iOS QR Code






Android QR Code







Terms & Privacy


GPS Shopping