TomTom Reports Fourth Quarter and Full Year Results

AMSTERDAM — (BUSINESS WIRE) — February 27, 2012Financial headlines FY 2011

  • Revenue of €1,273 million and normalised EPS1 of €0.31 at top end of guidance
  • Broadened revenue with growth in all areas except for PNDs
  • Net debt decreased from €294 million to €194 million; leverage ratio of 0.88

Financial headlines Q4 2011

  • Group revenue of €357 million
    • Consumer revenue decreased by 40% year on year to €242 million
    • Automotive revenue increased by 2% year on year to €56 million
    • Licensing revenue increased by 3% year on year to €40 million
    • Business Solutions revenue increased by 19% year on year to €19 million
    • Content and Services revenue increased by 10% year on year to €107 million
  • Net cash flow from operating activities of €134 million

Operational headlines Q4 2011

  • Restructured organisation to reduce costs and increase effectiveness of R&D
  • Signed aftermarket automotive deals with Ford and Opel
  • Secured full control of map operations in India, Indonesia and Thailand
  • Grew HD Traffic installed base to 1.5 million users; available in 23 countries
  • Increased fleet management subscriber base to 180 thousand, up 34%
  • Entered car lease market with telematics services

Outlook full year 2012

  • We expect to deliver revenue of around €1.1 billion and adjusted EPS2 of around €0.35

Key figures

(in € millions)      

Q4 '11

     

Q4 '10

      change       FY '11       FY '10       change
                                                 
Revenue       357       516       -31%       1,273       1,521       -16%
                                                 
Gross result       166       237       -30%       640       744       -14%
                                                 
EBITDA       47       95             206       295      
EBITDA (normalised)       61       96       -37%       221       299       -26%
                                                 
Operating result 10 65 -425 186
Operating result (normalised)       24       66       -64%       102       190       -46%
                                                 
Net result 12 52 -438 108
Net result (normalised)       17       50       -67%       68       107       -36%
                                                 
EPS, € diluted 0.05 0.23 -1.97 0.49
EPS, € diluted (normalised) 0.07 0.22 -66% 0.31 0.48 -35%
Adjusted EPS, € diluted       0.16       0.29       -43%       0.55       0.70       -22%
 

1

 

Normalised results exclude restructuring and impairment charges to match the basis on which we provided
our guidance for 2011. Normalised results exclude restructuring charges of €13.6 million in Q4 '11 (€1.3
million in Q4 '10), €14.8 million in FY '11 (€3.3 million in FY '10), a non-cash impairment charge of €512
million in FY '11 and the tax charge has been adjusted for impairment, restructuring and one-off gains
(Q4 '11: €5.9 million, Q4 '10: €3.0 million, FY '11: €6.3 million, FY '10: €3.0 million)

2

Earnings per share adjusted for impairment, acquisition-related amortisation and restructuring charges on a
post-tax basis


1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Jobs
CAD Engineer for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise