TomTom reports fourth quarter and full year results
TomTom reports fourth quarter and full year results
Feb 28, 2012
Supporting Materials:
1 TOMTOM 02272012.jpg 205.3 KB
Press Release 453.3 KB
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