TomTom reports second quarter 2011 results
TomTom reports second quarter 2011 results
Jul 22, 2011
Supporting Materials:
Press Release 152.2 KB
1 TOMTOM 07212011.jpg 90.6 KB
Q2 2011 financial summary
- Revenue of €314 million compared to €362 million in Q2 2010
- Consumer revenue declined by 23% year on year to €209 million
- Automotive revenue grew by 34% year on year to €60 million
- Business Solutions grew by 12% year on year to €14 million
- Non-cash impairment charge on goodwill and other intangible assets of €512 million
- Operating result of €18 million and net result of €11 million excluding impairment2
Q2 2011 operational summary
- Base of active users of LIVE Services tripled year over year to 1.1 million
- GO LIVE 800 series launched
- Over 1 million Carminat TomTom systems sold by Renault since launch
- Blue&Me TomTom introduced in the US
- Traffic portfolio available to businesses and governments in 14 countries
2011 outlook
- Revenue of between €1,225 and €1,275 million and earnings per share of between €0.25 and €0.30 excluding impairment
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1Operating expenses include an impairment charge of €512 million and restructuring charges of €0.2 million in Q2 2011, €1.2 million in Q2 2010 and €0.6 million in Q1 2011
2Excluding impairment charge and related tax effects
3Earnings per share adjusted for impairment, acquisition-related amortisation and restructuring charges on a post tax basis
View the full TomTom second quarter 2011 results release in PDF format