TomTom reported Q4 revenues of €219.7m, down 17.3% yoy and up 1% sequentially. Consumer decreased by 40.2% yoy to €91m, as well as Licensing (€32.8m, -6.3%). The two other businesses grew by 46.9% for Automotive (€53.9m) and 1% for Telematics (€42m). The three non-legacy businesses combined grew by 13.6% to €128.7m, accounting for 59% of the total revenues. The gross margin came in at 59.4%, up 180bp yoy, while EBIT came in at €-29.5m. EPS came in at €-
06 Feb 2018
Outlook disappointing at first, actual impact limited and long-term thesis intact
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Outlook disappointing at first, actual impact limited and long-term thesis intact
TomTom reported Q4 revenues of €219.7m, down 17.3% yoy and up 1% sequentially. Consumer decreased by 40.2% yoy to €91m, as well as Licensing (€32.8m, -6.3%). The two other businesses grew by 46.9% for Automotive (€53.9m) and 1% for Telematics (€42m). The three non-legacy businesses combined grew by 13.6% to €128.7m, accounting for 59% of the total revenues. The gross margin came in at 59.4%, up 180bp yoy, while EBIT came in at €-29.5m. EPS came in at €-