TomTom : Results and revision the of the outlook in line with expectations
>First quarter results in line with expectations - Revenues in line with consensus expectations. Automotive missed consensus by 2% on IFRS, but beat consensus by 1% on operational numbers. VW launched its first models with TomTom on board during the quarter, which should support momentum in quarters to come. Enterprise beat consensus by 9% thanks to a contract with the Australian government (accounted largely as upfront licence rather than recurring subscription mod...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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