Just saw this on the Dutch NOS news bulletin. Seems the loss was especially heavy in the last quarter, and a writedown on the value of the TeleAtlas acquisition. Sales have continued strong in terms of units sold, but due to price pressures, profits are down. TomTom does expect the satnav market to continue to grow in 2009.

Ouch!

here's an English version:

TomTom reports euro989 million loss in 4Q


"989 Million Euro...." It's got even worse!