Tomtom reported quite good Q1 results confirming the trend observed in recent quarters in its activities. Also, the proportion of revenues linked to data, software and services has continued to increase, pulling upward both the gross and EBITDA margins. Finally, thanks to a solid financial result, the net result reached €6.4m for Q1 18. The group has consequently confirmed its guidance for FY18, expecting revenues of about €800m and adjusted EPS of about €0.25.
17 Apr 2018
Confirmed guidance following solid profitability improvement
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Confirmed guidance following solid profitability improvement
Tomtom reported quite good Q1 results confirming the trend observed in recent quarters in its activities. Also, the proportion of revenues linked to data, software and services has continued to increase, pulling upward both the gross and EBITDA margins. Finally, thanks to a solid financial result, the net result reached €6.4m for Q1 18. The group has consequently confirmed its guidance for FY18, expecting revenues of about €800m and adjusted EPS of about €0.25.