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TomTom Full Year 2022 Earnings: Beats Expectations

TomTom (AMS:TOM2) Full Year 2022 Results

Key Financial Results

  • Revenue: €536.3m (up 5.8% from FY 2021).

  • Net loss: €102.7m (loss widened by 8.5% from FY 2021).

  • €0.80 loss per share (further deteriorated from €0.74 loss in FY 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

TomTom Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Software industry in Europe.

Performance of the market in the Netherlands.

The company's shares are up 8.8% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for TomTom that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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