TomTom : Excellent start of the year
>TomTom had an excellent start of the year - The company had an excellent start of the year beating consensus expectations on revenues, gross profit, lower opex and higher cash flows. Revenues grew 10% yoy and the company reiterated its guidance for FY23. The midpoint of this guidance includes 4% yoy growth and a positive FCF (as prc of sales) of 0% to 5% (likely at the high end). In addition we are getting increasingly excited about TomTom’s new map making platform (...TomTom develops and sells of navigation and location-based solutions, which include among others, Portable Navigation Devices, sport watches, maps, traffic, navigation software and fleet management services. As of Dec 31 2014, Co. had four segments: Consumer business, which is focused on creating location-based products; Automotive business, which provides modular components, being maps, traffic and navigation software, to car manufacturers and head unit vendors; Licensing business, which sells TomTom map, traffic and navigation software as well as cloud-based products and platforms; and Telematics business, which provides fleet management solutions for commercial fleets of any size.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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