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News Release Details


TomTom reports third quarter 2011 results

Oct 24, 2011
Supporting Materials:
TomTom reports third quarter 2011 results

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