Jul 25 2006

Second quarter results release 2006

• Revenue increased by 141% to € 277 million
• 830,000 portable navigation devices (PNDs) shipped, up 216%
• Stable gross and operating margins of 43% and 23% respectively
• Net profit increased by 73% to € 38 million
• Fully diluted EPS improved by 60% to € 0.32

• Revenue increased by 8%
• Gross margin up by 8 percentage points
• Operating margin increased by 3 percentage points
• Net profit increased by 21%

• Revenue increased by 194% to € 533 million
• 1,593,000 PNDs shipped, up 330%
• Net profit increased by 92% to € 69 million
• Fully diluted EPS improved by 84% to € 0.59

• PND market continues to grow strongly
• Strong European market leadership continues
• Production volumes of the new GO range now at planned levels, order book is strong
• Number of outlets in North America increased by 2,500 to 11,000
• Increased market share in North America to 27%
• TomTom WORK’s European roll out is on track

Outlook 2006
Full year 2006 guidance reiterated: revenues expected to be in the range of €1.1 billion to €1.3 billion and PND unit shipments expected to be between 3.6 million and 3.9 million units. We are targeting a gross margin of around 40% of revenue for the full year.

Key figures

View the full Second quarter results release 2006 in PDF format (155KB)

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