Fourth quarter 2009 financial highlights¹

• Revenue €533 million, an increase of 1% year on year and 46% sequentially
  
• Operating result €113 million, operating margin 21% (Q4 '08: €70 million, 13%)
  
• 175% growth in Other TomTom revenue to €81 million; main contributions by Automotive, WORK, map and traffic subscriptions and mobile phone solutions
  
• €186 million net cash flow from operating activities

Full year 2009 financial highlights¹

• Total operating expenses reduced by €127 million to €500 million
  
• Operating result €231 million, operating margin 16% (2008: €244 million, 14%)
  
• Net debt of €442 million (2008: €1,109 million)

Outlook full year 2010³

• We expect broadly flat revenue and earnings per share in 2010 compared with 2009

¹For comparative reasons we have excluded from the normalised figures the €1,048 million goodwill impairment in Q4 '08 and the restructuring charges of €0.7 million in Q3 '08, €15.9 million in Q4 '08, €5.4 million in Q1 '09, €2.1 million in Q2 '09, and €2.7 million in Q4 '09. Normalised figures assume acquisition of Tele Atlas on 1 January 2008
²Earnings per share adjusted for acquisition related amortisation, non-cash goodwill impairment and restructuring charges on a post tax basis
³For the outlook on EPS for 2010 we used the Q4 '09 dilutive share count of 224 million shares

View the full TomTom Q4 and full year 2009 results release in PDF format