Financial highlights full year 2010

• Revenue increased by 3% to €1,521 million
• Net result increased by 24% to €108 million, EPS of €0.49
• Net debt reduced to €294 million (YE 2009: €442 million)

Financial highlights Q4 2010

• Revenue decreased by 3% to €516 million (Q4 2009: €533 million)
• Content & Services revenue grew by 16% to €98 million
• Automotive revenue grew by 52% to €55 million
• Gross margin of 46% and EBIT margin of 13%
• Net result of €52 million
• Net cash flow from operating activities of €141 million

Operational highlights Q4 2010

• Expansion of existing automotive partnerships with Fiat, Toyota and Subaru
• Agreement signed with smartphone manufacturer HTC for provision of content
• Extension of MiTAC content licensing agreement to include Magellan
• GPS fitness watch announced in conjunction with Nike

Outlook full year 2011¹

• We expect broadly flat revenue and earnings per share in 2011 compared with 2010

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¹For the outlook on earnings per share for 2011 we used an estimate of the average diluted share count of 226 million shares
²Operating expenses include restructuring charges of €1.3 million in Q4'10 (€2.7 million in Q4'09) and €3.3 million in FY'10 (€10.3 million in FY'09)
³Earnings per share adjusted for acquisition related amortisation and restructuring charges on a post tax basis

View the full TomTom Fourth Quarter and Full Year 2010 results release in PDF format