Home PageFacebookRSS News Feed
PocketGPS
Web
SatNav,GPS,Navigation
Pocket GPS World - SatNavs | GPS | Speed Cameras: Forums

Pocket GPS World :: View topic - TomTom Beats 2nd Quarter Forecasts
 Forum FAQForum FAQ   SearchSearch   UsergroupsUsergroups   ProfileProfile   Log in for private messagesLog in for private messages   Log inLog in 

TomTom Beats 2nd Quarter Forecasts

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


Joined: Jul 21, 2004
Posts: 2718
Location: Chelmsford, UK

PostPosted: Thu Jul 23, 2009 10:07 am    Post subject: TomTom Beats 2nd Quarter Forecasts Reply with quote

pocketgpsworld.comTomTom have posted a €19.8 million second quarter profit - a 61% fall compared to the same period last year. Although clearly a sharp decline, this still wasn't as bad as some analysts had expected and TomTom's shares surged on the news.

Group revenue was €368 million for the quarter, an increase on the first quarter's €213 million, but a decrease on last year's quarter 2 of €485 million.

There was a sharp decline in dedicated units as expected.

  • Q2 PND Sales 2009: €276 million representing 75% of group revenue in the quarter

  • Q2 PND Sales 2008: €402 million (83%)

  • Q1 PND Sales 2009: €141 million and (66%)


  • The news of lower PND sales were softened by higher sales in other areas such as in-dash navigation, traffic information, and fleet management.

    TomToms's second quarter operational highlights included TeleAtlas's HD Traffic introduced into mid range PNDs, the start of volume shipments of their first line-fitted car navigation product with Renault and 50% of PNDs sold with IQ Routes technology.

    They also report that operating expenses have been reduced by 18% year-on-year; almost half centred on research and development and marketing. They further increased their recent €60 million cost-cutting exercise to €90 million yesterday.

    TomTom’s Chief Executive Officer, Harold Goddijn acknowledges challenging market conditions, but remains upbeat "In the second quarter we delivered strong profitability and cash generation driven by new products, the expected seasonal uplift in PND sales and tight management of costs and working capital. In recent weeks we have successfully raised capital to substantially strengthen our balance sheet."

    TomTom reports second quarter 2009 results
    _________________
    Robert Brady
    Back to top
    View user's profile Send private message Visit poster's website
    gatorguy6996
    Frequent Visitor


    Joined: Feb 16, 2008
    Posts: 695
    Location: Florida, USA

    PostPosted: Thu Jul 23, 2009 8:52 pm    Post subject: Reply with quote

    The news that came as a total surprise to me was the very small percentage of sales coming from Live devices. Total worldwide sales to date of 940's, 740's and XL Live's? A paltry 100,000, against TomTom's stated goal of 1 million connected pnd's by year's end. Of course there is still 5 month's to go Rolling Eyes
    _________________
    Garmin 1695 / 255 / 760 w/MSN - Droid w/Google nav + Navigon - Navigon 8100T - Dakota10 - GPSMap76C - GeoMate Jr.
    Back to top
    View user's profile Send private message
    cornz
    Lifetime Member


    Joined: 05/01/2003 10:51:57
    Posts: 118
    Location: United Kingdom

    PostPosted: Fri Jul 24, 2009 4:00 pm    Post subject: Reply with quote

    Oh dear, i wonder if this will spur them onto releasing tomtom7/8 etc for PPC devices. Including those running wm2003 which is easily capable of running any version of tomtom, albeit feature restricted.
    It **must* generate sales.....and income..
    Back to top
    View user's profile Send private message Send e-mail







    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

    Make a Donation



    CamerAlert Database

    Click here for the PocketGPSWorld.com Speed Camera Database

    Download Speed Camera Database
    22.034 (27 Mar 24)



    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