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With $3.8B in total Garmin breaks a revenue record



Navigator manufacturing company Garmin achieved a record revenue of almost 3.8 billion dollars in 2019.



19.Feb.20 1:02 PM
By Shawn Highstraw
Photo Garmin

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With $3.8B in total Garmin breaks a revenue record
Navigator manufacturing company Garmin achieved a record revenue of almost 3.8 billion dollars in 2019, which represents a 12 percent increase compared to a year earlier. For this year, the industry partner of the Dutch TomTom is counting on a further growth in turnover to around 4 billion dollars.

The American company did good business with the aviation, marine, outdoor and fitness activities. At the branch that makes navigation systems for cars, revenues fell. Net profit amounted to more than 952 million dollars compared to 694 million dollars in 2018. Garmin wants to increase its dividend by 7 percent.



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