TomTom reports third quarter 2011 results
TomTom reports third quarter 2011 results
Oct 24, 2011
Press Release 38.6 KB
Supporting Materials:
TomTom Image1.gif 19.2 KB
Report 104.4 KB
Financial headlines Q3 2011
- Group revenue decreased by 10% to €336 million
- Content and Services revenue increased by 19% to €107 million
- Consumer revenue decreased by 23% to €225 million
- Automotive revenue increased by 43% to €59 million
- Licensing revenue increased by 27% to €36 million
- Business Solutions revenue increased by 33% to €17 million
- Net result attributable to the group increased by 50% to €29 million
- Net cash flow from operating activities increased by 62% to €70 million
Operational headlines Q3 2011
- Restructuring programme initiated; savings of €50 million targeted
- LIVE Services take rate increased to 28% from 21% last year
- Expansion of automotive partnerships with Renault, Fiat and Mazda
- Consumer product announcement for the Indian market
Outlook full year 2011
- We expect to deliver full year results towards the upper end of our guidance for revenue of between €1,225 million and €1,275 million and EPS of between €0.25 and €0.30, excluding impairment and restructuring charges
1 Operating expenses include restructuring charges of €0.4 million in Q3 2011, €0.2 million in Q2 2011 and €-0.5 million in Q3 2010
2 Excluding impairment charge and related tax effects
3 Earnings per share adjusted for impairment, acquisition-related amortisation and restructuring charges on a post tax basis
View the full TomTom third quarter 2011 results release in PDF format