Brief: Tomtom Q4 Ebit Loss EUR 10.4 Mln, Vs EUR 4.5 Mln Year Ago

TomTom NV

02/02/2024 06:24

Feb 2 (Reuters) - TomTom NV  TOM2.AS :
    * Q4 GROUP REVENUE INCREASED BY 3% TO EUR 143 MILLION (Q4
'22: EUR
139 MILLION)
    * END-Q4 FREE CASH FLOW IS AN INFLOW OF EUR 5 MILLION (Q4
'22:
OUTFLOW OF EUR 15 MILLION)
    * WE RECORDED ROBUST ORDER INTAKE, CULMINATING IN A RECORD
EUR 2.5
BILLION AUTOMOTIVE BACKLOG
    * Q4 AUTOMOTIVE OPERATIONAL REVENUE INCREASED BY 1% TO EUR
83
MILLION (Q4 '22: EUR 82 MILLION)
    * Q4 LOCATION TECHNOLOGY REVENUE INCREASED BY 7% TO EUR 125
MILLION (Q4 '22: EUR 118 MILLION)
    * Q4 NET LOSS EUR 11.6 MILLION VERSUS LOSS EUR 9 MILLION IN
COMPANY-PROVIDED CONSENSUS
    * Q4 EBIT LOSS EUR 10.4 MILLION VERSUS LOSS EUR 4.5 MILLION
YEAR
AGO
    * END-YEAR NET CASH OF €315 MILLION (FY '22: €304 MILLION)
    * OUTLOOK 2024 : WE EXPECT CONTINUED GROWTH IN OUR LOCATION
TECHNOLOGY REVENUE, ALONG WITH AN IMPROVEMENT IN OUR FREE CASH
FLOW
    * FOR 2024, WE ANTICIPATE A GRADUAL INCREASE IN CONVERSIONS
TO
SIGNED CONTRACTS THROUGHOUT YEAR 
    * OUTLOOK 2024 :  FREE CASH FLOW AS PART OF GROUP REVENUE 
ABOVE
5%
    * WE REITERATE OUR MID-TERM LOCATION TECHNOLOGY REVENUE
AMBITION
OF €600 MILLION IN 2025, IN COMBINATION WITH A FREE CASH FLOW
TARGET OF 10% OF GROUP REVENUE
    * OUTLOOK 2024 :  EUR 570-610 MILLION REVENUE
    * Q4 COMPANY-PROVIDED CONSENSUS: REVENUE EUR 144 MILLION;
EBITDA
LOSS EUR 2 MILLION; NET LOSS EUR 9 MILLION

Source text: shorturl.at/cwPQ0
Further company coverage:  TOM2.AS 

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