*Justin* schreef op 3 december 2014 22:56:
Thank you very much. I think the main point in your question is are there possibilities for TomTom to keep growing and I think that the answer to that question is very determining for the other questions that you asked and that relate to takeovers, cost reductions et cetera.
So I think that if we discuss about the growth possibilities, then we will have answered probably also your sub questions so to speak.
TomTom is not a simple company, it is a complex enterprise, perhaps even more complex than we would like. We have four different businesses that each operate in a different market with their own sales organisations and products. Depending on the market that you look at, there are bigger and smaller growth possibilities.
Sometimes they are more marginal or even absent or perhaps it is more difficult to reach such growth. But let’s go through these four segments.
Let me start with the simplest one, which is telematics. Telematics is a company that has a turnover of about a hundred million Euros (EUR 100,000,000). Last year it was a bit less with eighty-five million Euros (EUR 85,000,000) and the plan for this year is to increase that significantly. That is a relatively small turnover in the total turnover. It is about ten per cent (10%) of the total, but we expect that in the mid to long term we can double that to two hundred million Euros (EUR 200,000,000) and this means in the next three to five years.
All industry indicators point to this being possible. And the company telematics is therefore also becoming a very valuable company in the group. We have a leading position. We are number one in Europe, we get an increasingly big part of the turnover from other countries and we use a relatively simple technology infrastructure, which we call legacy free and we would like to also keep it that way obviously.