TomTom 2019 Financial Report Released - not pretty — TomTom Community

TomTom 2019 Financial Report Released - not pretty

ST1300_PanEuropeanST1300_PanEuropean Posts: 80 [Outstanding Wayfarer]
edited February 2020 in Travel lounge
TomTom has recently released their 4th Quarter 2019 and full year 2019 financial results.

Key points for 2019 vs. 2018:
- a 13% decrease in consumer device sales.
- a 57% decrease in EBITDA (earnings before interest, taxes, depreciation, & amortization).
- a 27% decrease in free cash flow.

Consumer revenue for the quarter decreased year on year by 32% to €46 million (Q4 '18: €67 million), reflecting a decrease in both Consumer products as well as Automotive hardware revenue.

In the company's report (available here, the company provides the following financial outlook for 2020:

- group revenue down to $650 to $675 million from $701 million in 2019
- free cash flow down to "mid to high single digit" from 9% in 2019.

Michael
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