TomTom reports fourth quarter and full year results

Financial 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

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

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