Tomtom: despite deliveries problems vigorously higher volume of trade
In the second quarter reshipped Tomtom 830,000 navigatiesystemen. That is 216 per cent more than in the same period in 2005. Also with the first quarter of this year, it is compared higher.
Investors and analysts fear all only time that Tomtom the consequences will notice of the violent competition on the personal Navigatiemarkt. The offer becomes larger and praise stand under pressure. In a year time is the price of Tomtom-systems also with 15 per cent gone down.
Striking is however well that, to respect of the first quarter of this year, the average price for a Tomtom-navigatiesysteem lift is risen from 305 to 310 Euros per to pieces. This becomes also causes because there in the second quarter more new Go-systems have been come out then in the first quarter.
Deficiency
Also was feared for a lower volume of trade because about it problems were with the aanlevering of parts the newest series Go-navigatiesystemen to build. through here we have sold had expected less systems then we, the business reports.
On 10 July, Tomtom gave yet a volume of trade warning. The second quarter was closed with a volume of trade of 277 million Euros. That is 141 per cent higher than in 2005. Before yet a volume of trade was expected between the 309 and 375 million. The quarter profit ascended in a year time with 73 per cent until 38 million Euros.
Expectation
Tomtom remains hold on to its earlier expectation for the year volume of trade. about the whole year 2006, the business thinks between the 3.6 and 3.9 million systems can sell. Together this would be well for a volume of trade between the 1.1 billions and 1.3 billion euro.
Tomtom went in May last year to the aboutripe in Amsterdam. When expense a share yet 17.50 Euros. Tuesday around noon lay the course on 29.42 Euros.