TomTom today announced their financial earnings for the third quarter of 2012 with a revenue of €274 million, down 19 percent year-on-year and an EBIT Margin of 12 percent flat year-on-year.
The company announced ajusted earnings per share of €0.14 compared to €0.18 in the previous year. Net cash flow from operating activities was €50 million (€70 million in the prior year) while the net debt reduced to €153 million compared to €194 million at the start of the year.
Personal Navigation Device (PND) business TomTom’s Consumer revenue (including PND, Apps and accessories) over the past quarter amounted to €172 million, which is a €53 million decrease year on year (Q3 2011: €225 million).
“The year on year decrease was driven by lower PND sales reflecting the decline of the size of the PND markets in our core geographies,“ said Tomtom.
According to the Dutch GPS maker, the market size in Europe for PNDs was 2.6 million units compared to 3.0 million units in the same quarter of last year. The North American market size was 1.5 million units compared to 1.9 million units last year, a combined decline of 17%.
TomTom estimated their market share in Europe increased sequentially by 1 percentage point to 46%. In North America it increased sequentially from 19% to 22%.
More: - http://goo.gl/KRBo9
- http://goo.gl/bhNRm
The company announced ajusted earnings per share of €0.14 compared to €0.18 in the previous year. Net cash flow from operating activities was €50 million (€70 million in the prior year) while the net debt reduced to €153 million compared to €194 million at the start of the year.
Personal Navigation Device (PND) business TomTom’s Consumer revenue (including PND, Apps and accessories) over the past quarter amounted to €172 million, which is a €53 million decrease year on year (Q3 2011: €225 million).
“The year on year decrease was driven by lower PND sales reflecting the decline of the size of the PND markets in our core geographies,“ said Tomtom.
According to the Dutch GPS maker, the market size in Europe for PNDs was 2.6 million units compared to 3.0 million units in the same quarter of last year. The North American market size was 1.5 million units compared to 1.9 million units last year, a combined decline of 17%.
TomTom estimated their market share in Europe increased sequentially by 1 percentage point to 46%. In North America it increased sequentially from 19% to 22%.
More: - http://goo.gl/KRBo9
- http://goo.gl/bhNRm
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