Benjamin G. schreef op 12 april 2022 08:41:
Dit is de outlook van TomTom
"In 2022, our Location Technology revenue is expected to be relatively flat compared with 2021. Our
free cash flow will be negative as we will increase investments in further automation of our
mapmaking platform and our application layer.
For 2023, we expect continued increases in Automotive operational revenue. Combined with cost-
efficiency gains this is expected to lead to strong positive free cash flow in 2023 and onwards.
Our outlook is supported by an Automotive backlog (1) of around €1.9 billion at the end of 2021, up
from €1.8 billion at the end of 2020. This increase is the result of the strongest order intake in years,
which more than offsets the impact of revenue recognized during 2021 and some customers'
revisions of near-term car production volumes.
We will provide a strategic update during our Capital Markets Day in the second half of 2022.
(1) Automotive backlog is the cumulative expected IFRS revenue from all awarded Automotive deals"
De enige manier om na 2024 winstgevend te zijn is lagere operationele expenses. Ik ga er vanuit dat consumer in 2024 niet meer bijdraagt. Die expenses moeten dan van 500,3 miljoen in 2021 naar beneden de 420 miljoen euro. TomTom heeft bij herhaling aangegeven dat ze kosten revolutionair naar beneden kunnen brengen. Dat is wat donderdag gaat tellen, hoe komt dat eruit te zien.
Enige omzetgroei is automotive. Die moet dan verlies van omzet bij consumer en dalende of gelijkblijvende omzet bij enterprise goed maken.
Qua vrije kasstromen hoeveel afschrijvingen kan TomTom nog doen? De vrije kasstroom zal daardoor lager uitkomen.