Research and development expenses - Geographic data
44.0
44.0
0%
85.4
90.3
-5%
Research and development expenses - Application layer
33.6
29.9
12%
65.8
58.3
13%
Sales and marketing expenses
11.3
11.3
0%
21.5
26.2
-18%
General and administrative expenses
16.2
13.3
21%
31.5
31.7
0%
Operating expenses excluding D&A
105.0
98.5
7%
204.3
206.5
-1%
Depreciation and amortization
18.8
71.5
-74%
40.3
143.8
-72%
Operating expenses
123.8
170.0
-27%
244.5
350.3
-30%
Deferred revenue
(€ in millions)
44377.0
44196.0
Automotive
365.6
351.7
Enterprise
11.1
34.9
Consumer
30.3
39.7
Gross deferred revenue
407.0
426.3
Less: Netting adjustment to unbilled revenue
29.7
22.6
Deferred revenue
377.3
403.7
Free cash flow
(€ in millions)
Q2 '21
Q2 '20
H1 '21
H1 '20
Cash flow from operating activities
-13.1
-52.1
-13.8
-36.3
Investments in property, plant and equipment
-2.7
-1.8
-5.8
-4.0
Free cash flow
-15.8
-54.0
-19.7
-40.3
2. Cons Stat of Income
Consolidated condensed statement of income
Second quarter and half year 2021 results
(€ in thousands)
Q1 '20
Q2 '20
Q3 '20
Q4 '20
Q1 '21
Q2 '21
H1 '21
H1 '20
Automotive
49,788
51,588
65,945
59,843
62,654
60,983
123,637
101,375
Enterprise
41,481
42,211
39,654
41,651
42,142
42,267
84,409
83,692
Location Technology
91,269
93,799
105,599
101,494
104,796
103,250
208,046
185,068
Consumer
39,928
29,904
42,252
23,940
26,395
29,853
56,248
69,832
Revenue
131,197
123,703
147,851
125,434
131,191
133,102
264,293
254,899
Cost of sales
28,631
17,921
35,861
22,381
24,681
30,367
55,048
46,552
Gross profit
102,566
105,782
111,990
103,053
106,510
102,735
209,245
208,347
Gross margin
78%
86%
76%
82%
81%
77%
79%
82%
Research and development expenses - Geographic data
108,788
105,828
109,177
106,017
53,268
55,261
108,528
214,616
Research and development expenses - Application layer
32,147
33,541
35,271
36,621
34,831
35,839
70,670
65,688
Sales and marketing expenses
16,161
12,427
13,536
15,432
10,230
11,312
21,542
28,588
General and administrative expenses
23,217
18,184
21,616
23,138
22,421
21,383
43,806
41,400
Total operating expenses
180,313
169,980
179,600
181,208
120,750
123,795
244,546
350,292
Operating result (EBIT)
-77,747
-64,198
-67,610
-78,155
-14,240
-21,060
-35,301
-141,945
EBIT margin
-59%
-52%
-46%
-62%
-11%
-16%
-13%
-56%
Depreciation and amortization
72,305
71,511
71,465
70,328
21,520
18,756
40,276
143,816
EBITDA
-5,442
7,313
3,855
-7,827
7,280
-2,304
4,975
1,871
EBITDA margin
-4%
6%
3%
-6%
6%
-2%
2%
1%
Financial result
5,079
-2,457
-3,716
-6,213
4,400
-1,764
2,638
2,622
Result before tax
-72,668
-66,655
-71,326
-84,368
-9,840
-22,824
-32,663
-139,323
Income tax (expense)/gain
9,915
4,640
4,358
18,465
-1,641
-791
-2,432
14,556
Net result1
-62,753
-62,015
-66,968
-65,903
-11,481
-23,615
-35,095
-124,767
1 Net result is fully attributable to equity holders of the parent.
Weighted average number of shares (in thousands)
Basic
131,690
130,107
130,220
130,237
129,716
127,335
128,519
130,898
Diluted
133,754
132,198
130,978
131,162
131,194
128,476
129,926
119,278
Earnings per share (in €)
Basic
-0.48
-0.48
-0.51
-0.51
-0.09
-0.19
-0.27
-0.95
Diluted2
-0.48
-0.48
-0.51
-0.51
-0.09
-0.19
-0.27
-0.95
2 When the net result is a loss, no additional shares from assumed conversion are taken into account as the effect would be anti-dilutive.
3. Cons Stat of Comp Income
Consolidated condensed statement of income
Second quarter and half year 2021 results
(€ in thousands)
Q2 '21
Q2 '20
H1 '21
H1 '20
NET RESULT
-23,615
-62,015
-35,095
-124,767
OTHER COMPREHENSIVE INCOME 1
Items that will not be reclassified to profit or loss
Fair value remeasurement of financial instruments
2,768
775
4,403
-2,755
Items that may be subsequently reclassified to profit or loss
Currency translation differences
-318
1,320
2,003
-3,995
Remeasurement/non-recognition of deferred tax in equity
-297
-6,683
OTHER COMPREHENSIVE INCOME FOR THE PERIOD
2,450
1,798
6,406
-13,433
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD2
-21,165
-60,217
-28,689
-138,200
1 Items of other comprehensive income are presented net of tax.
2 Fully attributable to equity holders of the parent.
4. Cons Balance Sheet
Consolidated condensed balance sheet
Second quarter and half year 2021 results
(€ in thousands)
31-Dec-19
31-Mar-20
30-Jun-20
30-Sep-20
31-Dec-20
31-Mar-21
30-Jun-21
Goodwill
192,294
192,294
192,294
192,294
192,294
192,294
192,294
Other intangible assets
380,160
312,168
247,122
181,458
117,475
104,403
91,933
Property, plant and equipment
28,588
27,218
26,268
23,899
22,220
22,938
23,186
Lease assets
32,667
41,373
42,565
39,363
43,609
38,909
37,488
Other contract-related assets
2,489
7,598
9,552
7,962
19,130
18,296
17,124
Other investments
4,573
4,299
4,949
6,595
8,733
10,917
14,602
Deferred tax assets
5,626
5,591
5,244
4,586
4,273
4,299
4,287
Total non-current assets
646,397
590,541
527,994
456,157
407,734
392,056
380,914
Inventories
25,315
23,971
31,902
27,611
26,146
23,500
23,554
Trade receivables
99,776
66,507
52,751
110,105
79,661
60,706
65,378
Unbilled receivables
34,374
42,393
52,688
56,400
58,313
73,541
67,809
Other contract-related assets
21,434
18,921
20,333
17,902
6,950
8,003
3,115
Other receivables and prepayments
45,351
44,539
38,996
35,016
26,765
33,617
27,295
Fixed-term deposits
222,579
222,523
187,311
150,000
140,930
121,313
60,000
Cash and cash equivalents
213,941
209,040
186,058
196,463
231,520
230,657
258,908
Total current assets
662,770
627,894
570,039
593,497
570,285
551,337
506,059
Total assets
1,309,167
1,218,435
1,098,033
1,049,654
978,019
943,393
886,973
Total equity
665,932
574,294
516,281
450,503
387,616
364,950
333,008
Lease liabilities
22,531
29,773
30,393
27,328
28,801
25,116
25,273
Deferred tax liability
27,283
20,570
14,216
7,527
1,344
1,293
1,464
Provisions
46,746
44,810
41,093
42,281
41,014
39,821
37,698
Deferred revenue
216,378
231,666
228,869
220,639
238,793
232,433
219,265
Total non-current liabilities
312,938
326,819
314,571
297,775
309,952
298,663
283,700
Trade payables
47,085
32,266
25,144
22,169
21,998
15,337
21,799
Lease liabilities
11,737
13,151
13,533
12,815
14,872
15,823
14,211
Provisions
8,274
8,745
8,389
12,425
7,918
7,481
6,181
Deferred revenue
152,939
163,745
143,081
176,315
164,913
165,497
158,067
Other contract-related liabilities
26,745
21,031
18,150
19,274
19,084
18,790
18,393
Income taxes
14,701
15,238
14,500
13,978
1,893
2,622
2,427
Accruals and other liabilities
68,816
63,146
44,384
44,400
49,773
54,230
49,187
Total current liabilities
330,297
317,322
267,181
301,376
280,451
279,780
270,265
Total equity and liabilities
1,309,167
1,218,435
1,098,033
1,049,654
978,019
943,393
886,973
Additional information:
Deferred revenue breakdown
Automotive
278,267
315,379
310,543
307,509
335,611
345,833
341,975
Enterprise
23,343
20,275
9,825
43,562
28,370
17,934
5,073
Consumer
67,707
59,757
51,582
45,884
39,726
34,163
30,284
Net deferred revenue
369,317
395,411
371,950
396,954
403,706
397,930
377,332
Automotive
26,310
20,054
11,937
19,025
16,096
17,618
23,610
Enterprise
5,500
3,800
4,400
4,100
6,500
5,711
6,025
Consumer
Netting adjustment to unbilled revenue
31,810
23,854
16,337
23,125
22,596
23,329
29,635
Automotive
304,577
335,433
322,480
326,534
351,707
363,451
365,584
Enterprise
28,843
24,075
14,225
47,662
34,870
23,645
11,098
Consumer
67,707
59,757
51,582
45,884
39,726
34,163
30,284
Gross deferred revenue
401,127
419,265
388,287
420,079
426,302
421,259
406,966
Net cash
Cash and cash equivalents at the end of the period
213,941
209,040
186,058
196,463
231,520
230,657
258,908
Cash placed in fixed term deposits
222,579
222,523
187,311
150,000
140,930
121,313
60,000
Net cash at the end of the period
436,520
431,563
373,369
346,463
372,450
351,970
318,908
5. Cons Stat of CF
Consolidated condensed statement of cash flows
Second quarter and half year 2021 results
(€ in thousands)
Q1 '20
Q2 '20
Q3 '20
Q4 '20
Q1 '21
Q2 '21
H1 '21
H1 '20
Operating result
-77,747
-64,198
-67,610
-78,155
-14,240
-21,060
-35,301
-141,945
Financial gains / (losses)
145
-1,059
-2,249
-1,724
3,084
-970
2,114
-914
Depreciation and amortization
72,305
71,511
71,465
70,328
21,520
18,756
40,276
143,816
Change in provisions
-413
-2,811
-1,610
498
759
-4,277
-3,518
-3,224
Equity-settled stock compensation expenses
1,213
1,660
1,688
1,876
1,596
1,457
3,053
2,873
Other non-cash movement
-154
-154
Changes in working capital:
Change in inventories
1,525
-8,995
3,782
756
3,217
1,019
4,236
-7,470
Change in receivables and prepayments
21,384
7,221
-52,925
38,061
-3,447
12,692
9,245
28,605
Change in liabilities (excluding provisions)
-313
-51,315
29,958
4,455
-11,135
-19,241
-30,376
-51,628
Cash flow from operations
18,099
-47,986
-17,501
36,095
1,354
-11,778
-10,425
-29,887
Interest received
95
585
266
136
39
267
306
680
Interest paid
-386
-798
-353
-419
-437
-469
-906
-1,184
Corporate income taxes paid
-2,004
-3,932
-1,399
-678
-1,736
-1,078
-2,814
-5,936
Cash flow from operating activities
15,804
-52,131
-18,987
35,134
-780
-13,058
-13,839
-36,327
Investments in intangible assets
Investments in property, plant and equipment
-2,111
-1,849
-1,027
-1,311
-3,117
-2,732
-5,849
-3,960
Dividends received
162
162
Decrease in fixed-term deposits
34,065
37,367
8,218
21,465
61,465
82,930
34,065
Cash flow from investing activities
-1,949
32,216
36,340
6,907
18,348
58,733
77,081
30,267
Payment of lease liabilities
-3,612
-3,669
-4,087
-4,227
-3,814
-3,552
-7,366
-7,281
Proceeds on issue of ordinary shares
1,548
698
91
147
577
3,891
4,468
2,246
Purchase of treasury shares
-16,569
-17,294
-16,137
-33,431
-16,569
Cash flow from financing activities
-18,633
-2,971
-3,996
-4,080
-20,531
-15,798
-36,329
-21,604
Net increase/(decrease) in cash and cash equivalents
-4,778
-22,886
13,357
37,961
-2,963
29,877
26,913
-27,664
Cash and cash equivalents at the beginning of period
213,941
209,040
186,058
196,463
231,520
230,657
231,520
213,941
Exchange rate changes on cash balances held in foreign currencies
-123
-96
-2,952
-2,904
2,100
-1,626
475
-219
Cash and cash equivalents at the end of the period
209,040
186,058
196,463
231,520
230,657
258,908
258,908
186,058
Reconciliation to net cash
Fixed-term deposits
222,523
187,311
150,000
140,930
121,313
60,000
60,000
231,520
Net cash
431,563
373,369
346,463
372,450
351,970
318,908
318,908
417,578
Additional information:
Free cash flow
Cash flow from operating activities
15,804
-52,131
-18,987
35,134
-780
-13,058
-13,839
-36,327
Investments in property, plant and equipment
-2,111
-1,849
-1,027
-1,311
-3,117
-2,732
-5,849
-3,960
Free cash flow
13,693
-53,980
-20,014
33,823
-3,897
-15,790
-19,688
-40,287
% of revenue
10%
-44%
-14%
27%
-3%
-12%
-7%
-16%
6. Cons Stat of Chang in Equity
Consolidated statement of changes in equity
Second quarter and half year 2021 results
(€ in thousands)
Share capital
Share premium
Treasury shares
Other reserves1
Accumulated deficit
Total equity
Balance as at 1 January 2020
26,473
338,124
-7,438
188,507
120,265
665,931
Comprehensive income
Result for the year
-124,767
-124,767
Other comprehensive income²
Currency translation differences
-3,995
-3,995
Fair value remeasurement of financial instruments
-2,755
-2,755
Remeasurement of deferred tax in equity
-6,683
-6,683
Total other comprehensive income
-6,750
-6,683
-13,433
Total comprehensive income
-6,750
-131,450
-138,200
Transactions with owners
Stock compensation related movements
9,217
-1,795
-2,303
5,119
Repurchase of shares
-16,569
-16,569
Other movements
Transfers between reserves
-31,488
31,488
Balance as at 30 June 2020
26,473
338,124
-14,790
148,474
18,000
516,281
(€ in thousands)
Share capital
Share premium
Treasury shares
Other reserves1
Accumulated deficit
Total equity
Balance as at 1 January 2021
26,473
338,124
-14,312
127,598
-90,267
387,616
Comprehensive income
Result for the year
-35,095
-35,095
Other comprehensive income²
Currency translation differences
2,003
2,003
Fair value remeasurement of financial instruments
4,403
4,403
Total other comprehensive income
6,406
6,406
Total comprehensive income
6,406
-35,095
-28,689
Transactions with owners
Stock compensation related movements
6,767
73
672
7,512
Repurchase of shares
-33,431
-33,431
Other movements
Transfers between reserves
-23,526
23,526
Balance as at 30 June 2021
26,473
338,124
-40,976
110,551
-101,164
333,009
1 Other reserves include the Legal reserve, the Stock compensation reserve, and the Revaluation reserve.
2 The items of other comprehensive Income are presented net of tax (if applicable).
7. Segment Reporting
Segment reporting
Second quarter and half year 2021 results
(€ in millions)
H1 '21
H1 '20
Revenue
264.3
254.9
Location Technology
213.4
191.1
External customers
208.0
185.1
Inter-segment
5.4
6.0
Consumer
56.3
69.8
Eliminations
-5.4
-6.0
Revenue by nature
264.3
254.9
License revenue
140.5
134.8
Service revenue
86.2
76.2
Sale of goods revenue
37.6
44.0
Revenue by timing of revenue recognition
264.3
254.9
Goods and services transferred at a point in time
56.7
60.0
Goods and services transferred over time
207.6
194.9
EBIT
-31.9
-138.7
Location Technology
-42.8
-148.7
Consumer
10.9
10.0
EBITDA
8.2
5.0
Location Technology
-3.2
-5.5
Consumer
11.4
10.5
Total segment EBIT
-31.9
-138.7
Unallocated expenses
-3.4
-3.2
Financial income/(expense)
2.6
2.6
RESULT BEFORE TAX
-32.7
-139.3
8. Earnings per share
Earnings per share
Second quarter and half year 2021 results
H1 '21
H1 '20
Earnings (€ in thousands)
Net result attributed to equity holders
-35,095
-124,767
Number of shares (in thousands)
Weighted average number of ordinary shares for basic EPS
128,519
130,898
Effect of dilutive potential ordinary shares (in thousands)
Share options and restricted stocks
1,407
2,043
Weighted average number of ordinary shares for diluted EPS
129,926
132,941
9. Shareholders equity
Shareholder's equity
Second quarter and half year 2021 results
30 June 2021
30 June 2021
31 December 2020
31 December 2020
Number
€ in thousands
Number
€ in thousands
Ordinary shares
300,000,000
60,000
300,000,000
60,000
Preferred shares
150,000,000
30,000
150,000,000
30,000
Total authorised
450,000,000
90,000
450,000,000
90,000
Issued and fully paid
Ordinary shares
132,366,672
26,473
132,366,672
26,473
Of which held in treasury
5,454,219
2,103,853
10. Operational performance
Operational performance
Second quarter and half year 2021 results
(€ in thousands)
Q1 '20
Q2 '20
Q3 '20
Q4 '20
Q1 '21
Q2 '21
Total IFRS revenue
131,197
123,703
147,851
125,434
131,191
133,102
Automotive
49,788
51,588
65,945
59,843
62,654
60,983
Enterprise
41,481
42,211
39,654
41,651
42,142
42,267
Consumer
39,928
29,904
42,252
23,940
26,395
29,853
Movement of deferred revenue
18,138
-30,978
31,793
6,223
-5,044
-14,293
Automotive
30,856
-12,953
4,054
25,173
11,744
2,133
Enterprise
-4,768
-9,850
33,437
-12,792
-11,225
-12,547
Consumer
-7,950
-8,175
-5,698
-6,158
-5,563
-3,879
Total operational revenue
149,335
92,725
179,644
131,657
126,147
118,809
Automotive
80,644
38,635
69,999
85,016
74,398
63,116
Enterprise
36,713
32,361
73,091
28,859
30,917
29,720
Consumer
31,978
21,729
36,554
17,782
20,832
25,974
Cost of sales
28,631
17,921
35,861
22,381
24,681
30,367
Operational gross profit
120,704
74,804
143,783
109,276
101,466
88,442
Total cash spend
113,731
103,987
113,249
116,418
106,161
111,323
Operating expenses excluding D&A
108,008
98,469
108,135
110,880
99,230
105,039
CAPEX
2,111
1,849
1,027
1,311
3,117
2,732
Lease payments
3,612
3,669
4,087
4,227
3,814
3,552
Operational result
6,973
-29,183
30,534
-7,142
-4,695
-22,881
Reconciliations:
Operational result to Free Cash Flow (FCF)
Working capital movements
4,458
-22,111
-50,978
37,049
-6,321
8,763
Interest and Tax payments
-2,295
-4,145
-1,486
-961
-2,134
-1,280
Lease payments
3,612
3,669
4,087
4,227
3,814
3,552
Other non-cash items
945
-2,210
-2,171
650
5,439
-3,944
FCF
13,693
-53,980
-20,014
33,823
-3,897
-15,790
FCF to net cash movement
Lease payments
-3,612
-3,669
-4,087
-4,227
-3,814
-3,552
Cash flow from other investing and financing activities
-14,859
698
91
147
-16,717
-12,246
Exchange rate differences on cash and fixed-term deposits
-179
-1,243
-2,896
-3,756
3,948
-1,474
Net cash movement
-4,957
-58,194
-26,906
25,987
-20,480
-33,062
Movement in net cash to movement in cash equivalents
Movement in fixed-term deposits
56
35,212
37,311
9,070
19,617
61,313
Exchange rate changes on cash balances held in foreign currencies
123
96
2,952
2,904
-2,100
1,626
Net increase/(decrease) in cash and cash equivalents
-4,778
-22,886
13,357
37,961
-2,963
29,877
Summarized BS and CF
(€ in thousands)
31-Dec-19
31-Mar-20
30-Jun-20
30-Sep-20
31-Dec-20
31-Mar-21
30-Jun-21
Goodwill
192,294
192,294
192,294
192,294
192,294
192,294
192,294
Other intangible assets
380,160
312,168
247,122
181,458
117,475
104,403
91,933
Other contract-related assets
23,923
26,519
29,885
25,864
26,080
26,299
20,239
Other non-current assets
71,454
78,481
79,026
74,443
78,835
77,063
79,563
Inventories
25,315
23,971
31,902
27,611
26,146
23,500
23,554
Trade receivables
99,776
66,507
52,751
110,105
79,661
60,706
65,378
Unbilled receivables
34,374
42,393
52,688
56,400
58,313
73,541
67,809
Other receivables and prepayments
45,351
44,539
38,996
35,016
26,765
33,617
27,295
Cash and cash equivalents and fixed-term deposits
436,520
431,563
373,369
346,463
372,450
351,970
318,908
Total assets
1,309,167
1,218,435
1,098,033
1,049,654
978,019
943,393
886,973
Total equity
665,932
574,294
516,281
450,503
387,616
364,950
333,008
Deferred tax liability
27,283
20,570
14,216
7,527
1,344
1,293
1,464
Lease liabilities
34,268
42,924
43,926
40,143
43,673
40,939
39,484
Provisions
55,020
53,555
49,482
54,706
48,932
47,302
43,879
Trade payables
47,085
32,266
25,144
22,169
21,998
15,337
21,799
Deferred revenue
369,317
395,411
371,950
396,954
403,706
397,930
377,332
Other contract-related liabilities
26,745
21,031
18,150
19,274
19,084
18,790
18,393
Income taxes
14,701
15,238
14,500
13,978
1,893
2,622
2,427
Accruals and other liabilities
68,816
63,146
44,384
44,400
49,773
54,230
49,187
Total liabilities
643,235
644,141
581,752
599,151
590,403
578,443
553,965
Total equity and liabilities
1,309,167
1,218,435
1,098,033
1,049,654
978,019
943,393
886,973
(€ in thousands)
Q1 '20
Q2 '20
Q3 '20
Q4 '20
Q1 '21
Q2 '21
H1 '21
H1 '20
Operating result
-77,747
-64,198
-67,610
-78,155
-14,240
-21,060
-35,301
-141,945
Financial losses
145
-1,059
-2,249
-1,724
3,084
-970
2,114
-914
Depreciation and amortization
72,305
71,511
71,465
70,328
21,520
18,756
40,276
143,816
Other non-cash movements
800
-1,151
78
2,374
2,355
-2,974
-619
-351
Changes in working capital:
22,596
-53,089
-19,185
43,272
-11,365
-5,530
-16,895
-30,493
Cash flow from operations
18,099
-47,986
-17,501
36,095
1,354
-11,778
-10,425
-29,887
Interest received
95
585
266
136
39
267
306
680
Interest paid
-386
-798
-353
-419
-437
-469
-906
-1,184
Corporate income taxes paid
-2,004
-3,932
-1,399
-678
-1,736
-1,078
-2,814
-5,936
Cash flow from operating activities
15,804
-52,131
-18,987
35,134
-780
-13,058
-13,839
-36,327
Cash flow from investing activities
-1,949
32,216
36,340
6,907
18,348
58,733
77,081
30,267
Cash flow from financing activities
-18,633
-2,971
-3,996
-4,080
-20,531
-15,798
-36,329
-21,604
Net increase/(decrease) in cash and cash equivalents
-4,778
-22,886
13,357
37,961
-2,963
29,877
26,913
-27,664
Cash and cash equivalents at the beginning of period
213,941
209,040
186,058
196,463
231,520
230,657
231,520
213,941
Exchange rate changes on foreign cash balances
-123
-96
-2,952
-2,904
2,100
-1,626
475
-219
Cash and cash equivalents at the end of the period
209,040
186,058
196,463
231,520
230,657
258,908
258,908
186,058
Free cash flow
Cash flow from operating activities
15,804
-52,131
-18,987
35,134
-780
-13,058
-13,839
-36,327
Investments in property, plant and equipment
-2,111
-1,849
-1,027
-1,311
-3,117
-2,732
-5,849
-3,960
Free cash flow
13,693
-53,980
-20,014
33,823
-3,897
-15,790
-19,688
-40,287
% of revenue
10%
-44%
-14%
27%
-3%
-12%
-7%
-16%
Attachments
Original document
Permalink
Disclaimer
TomTom NV published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 05:08:07 UTC.
TomTom NV is the leading independent location technology specialist. The company provides location data and technology to carmakers, businesses, and developers, leveraging its extensive experience and broad array of customers and partners. Its application-ready maps, routing, real-time traffic, APIs, and SDKs power a wide variety of use cases across all industries.
TomTom NV operates two business segments: Location Technology (83.9% of net sales) and Consumer (16.1%).