euros in the fourth quarter, but it held above an average expectation of
290 euros in a Reuters poll of 11 analysts as the company sold more
high-end models than in the fourth quarter.
TomTom sold 762,000 devices,
Earnings before interest and tax (EBIT) slipped to 50 million euros
($61.9 million) from 67 million in the fourth quarter,
TomTom's EBIT margin fell to 20 percent from 23 percent in the fourth
quarter, and it maintained its full-year EBIT target of 20 percent as
well as its ASP forecast of around 300 euros.
navigation devices to 8 mllion units. It expects to sell between 3.6
million and 3.9 million units for revenue of 1.1 billion to 1.3 billion
euros this year.
; trade at
about 26 times estimated 2006 earnings.
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