Market Report

TomTom reports 16% drop in revenue for 2011

TomTom
TomTom

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

TomTom revenue for the year 2011
TomTom revenue for the year 2011

Outlook full year 2012
We expect to deliver revenue of around €1.1 billion and adjusted EPS2 of around €0.35

Source:
TomTom
http://corporate.tomtom.com/releasedetail.cfm?ReleaseID=651978

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