Financial highlights Q1 2011

• Revenue of €265 million compared to €268 million in Q1 2010
  
• Automotive revenue grew by 53% to €60 million
  
• Content and services grew to 36% of total revenue
  
• Gross margin of 53% and EBIT margin of 7%
  
• Net result of €11 million compared to €3 million in Q1 2010
  
• New banking facilities in place until 2016

Operational highlights Q1 2011

• LIVE Services announced and new models launched in US
  
• Nike+ SportWatch GPS well received
  
• First LIVE Services subscriptions sold by OEM customers
  
• Blue&Me TomTom LIVE extended to the Lancia Ypsilon
  
• Traffic Stats portal launched for the GIS market
  
• 5" (13 cm) PRO range launched for the professional market

Outlook full year 2011

• Revenue guidance reduced to between €1,425 and 1,475 million
  
• EPS guidance unchanged; broadly flat EPS compared to 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 €0.6 million in Q1 2011, €1.4 million in Q1 2010 and €1.3 million in Q4 2010

View the full TomTom first quarter 2011 results release in PDF format