Yahoo Finance

• Group Revenue (Q4 2024): EUR142 million, a decrease of 1% year on year.

• Automotive IFRS Revenue (Q4 2024): EUR79 million, down 10% from last year.

• Enterprise Revenue (Q4 2024): EUR43 million, showing strong growth compared to last year.

• Consumer Revenue (Q4 2024): Increased by 10% year on year to EUR20 million.

• Gross Margin (Q4 2024): 87%, down 1 percentage point.

• Operating Expenses (Q4 2024): EUR130 million, a decrease of EUR7 million from last year.

• Group Revenue (Full Year 2024): EUR574 million, a 2% decline from 2023.

• Automotive Revenue (Full Year 2024): Decreased 4% to EUR328 million.

• Enterprise Revenue (Full Year 2024): Grew by 9% to EUR161 million.

• Consumer Revenue (Full Year 2024): Declined 10% year on year to EUR85 million.

• Gross Margin (Full Year 2024): Stable at 85%.

• Operating Expenses (Full Year 2024): Decreased by EUR88 million to EUR508 million.

• Free Cash Flow (Full Year 2024): Outflow of EUR4 million.

• Automotive Backlog (End of 2024): EUR2.1 billion, down from EUR2.5 billion in 2023.

• 2025 Location Technology Revenue Outlook: Expected between EUR440 million and EUR490 million.

• 2025 Group Revenue Outlook: Expected between EUR505 million and EUR565 million.

• Warning! GuruFocus has detected 2 Warning Signs with TMOAF.

Release Date: February 04, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• TomTom NV (TMOAF) successfully entered new market segments, including government and security markets, strengthening its position with traditional customers.

• Integration of TomTom's maps into Microsoft and Esri systems serves as a significant endorsement of their product and strategy.

• Enterprise revenue showed strong growth, increasing by 9% to EUR161 million, driven by higher product utilization and new customer traction.

• TomTom's new 3D map for automated driving received overwhelmingly positive feedback at CES, indicating strong market interest.

• The company is well-positioned to capitalize on trends such as the rise of electric vehicles and advancements in self-driving technology, which are expected to drive deeper integration of their technology.

Negative Points

• Automotive backlog decreased from EUR2.5 billion in 2023 to EUR2.1 billion in 2024 due to reduced expectations for near-term volumes and slower adoption of electric vehicles.

• Group revenue for the full year declined by 2% to EUR574 million, with automotive revenue decreasing by 4% due to industry headwinds and delays in new car model launches.

• Free cash flow saw an outflow of EUR4 million, influenced by low operational revenue in automotive and higher than anticipated receivables at year-end.

• Visibility remains limited in the automotive market due to ongoing uncertainty, impacting near-term development and volume growth expectations.

• Consumer revenue declined by 10% year-on-year, settling at EUR85 million, reflecting challenges in this segment.