TomTom reports second quarter 2011 results

AMSTERDAM — (BUSINESS WIRE) — July 21, 2011Q2 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

Key figures1

                     
(in € millions)   Q2 '11   Q2 '10   y.o.y. change   Q1 '11   q.o.q. change
                     
Revenue   314   362   -13%   265   19%
                     
Gross result   160   185   -13%   141   14%
Gross margin   51%   51%       53%    
                     
EBITDA 46 75 -39% 44 4%
EBITDA margin   15%   21%       17%    
                     
Operating result -494 50 18
Operating margin   -157%   14%       7%    
                     
Net result attributable to the group   -489   34       11    
                     
EPS, € diluted -2.20 0.15 0.05
EPS, € diluted, excluding impairment 2 0.05 0.15 0.05
Adjusted EPS, € diluted 3   0.10   0.21       0.10    

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »



Review Article Be the first to review this article
Aldec

ClioSoft at DAC

Featured Video
Jobs
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
Symposium on Counterfeit Parts and Materials 2018 at College Park Marriott Hotel & Conference Center MD - Jun 26 - 28, 2018
Concar Expo 2018 at Convention Hall II Sonnenallee 225 Berlin Germany - Jun 27 - 28, 2018
Nanotech 2019 at Tokyo Big Sight East Halls 4-6 & Conference Tower Tokyo Japan - Jun 30 - 1, 2018
INMMiC 2018 at university campus of Brive La Gaillarde France - Jul 5 - 6, 2018
ClioSoft at DAC
Altair



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise