TomTom reports fourth quarter and full year 2010 results

AMSTERDAM — (BUSINESS WIRE) — February 18, 2011Financial highlights full year 2010

  • Revenue increased by 3% to €1,521 million
  • Net result increased by 24% to €108 million, EPS of €0.49
  • Net debt reduced to €294 million (YE 2009: €442 million)

Financial highlights Q4 2010

  • Revenue decreased by 3% to €516 million (Q4 2009: €533 million)
  • Content & Services revenue grew by 16% to €98 million
  • Automotive revenue grew by 52% to €55 million
  • Gross margin of 46% and EBIT margin of 13%
  • Net result of €52 million
  • Net cash flow from operating activities of €141 million

Operational highlights Q4 2010

  • Expansion of existing automotive partnerships with Fiat, Toyota and Subaru
  • Agreement signed with smartphone manufacturer HTC for provision of content
  • Extension of MiTAC content licensing agreement to include Magellan
  • GPS fitness watch announced in conjunction with Nike

Outlook full year 20111

  • We expect broadly flat revenue and earnings per share in 2011 compared with 2010

Key figures2

                         
(in € millions)   Q4 '10

(unaudited)

  Q4 '09

(unaudited)

  y.o.y.

change

  FY'10

(audited)

  FY'09

(audited)

  y.o.y.

change

                         
Revenue   516   533   -3%   1,521   1,480   3%
                         
Gross result   237   245   -3%   744   731   2%
Gross margin   46%   46%       49%   49%    
                         
EBITDA 95 136 -30% 295 327 -10%
EBITDA margin   18%   26%       19%   22%    
                         
Operating result 65 111 -42% 186 221 -16%
Operating margin   13%   21%       12%   15%    
                         
Net result   52   73   -29%   108   87   24%
                         
EPS, € diluted 0.23 0.33 -29% 0.49 0.47 3%

Adjusted EPS 3

  0.29   0.39   -27%   0.70   0.78   -10%

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article
Aldec


Featured Video
Jobs
Salesforce Technical Lead   East Coast  for EDA Careers at Cherry Hill, New Jersey
Senior Account Managers… FORMAL VERIFICATION...VALLEY for EDA Careers at San Jose, California
Sr. Application Engineer for Mentor Graphics at Fremont, California
Hardware Engineer, Board Design for Arista Networks at Santa Clara, California
Senior Software Architect Internet for EDA Careers at San Jose, California
Upcoming Events
FLEX 2020 and MSTC 2020 at DoubleTree by Hilton 2050 Gateway Place San Jose CA - Feb 24 - 27, 2020
DVCon U.S. 2020 at DoubleTree Hotel San Jose CA - Mar 2 - 5, 2020
OFC 2020 - The Optical Networking and Communication Conference & Exhibition at San Diego Convention Center San Diego CA - Mar 8 - 12, 2020
DATE '2020 at ALPEXPO Grenoble France - Mar 9 - 13, 2020
DownStream: Solutions for Post Processing PCB Designs
Verific: SystemVerilog & VHDL Parsers
TrueCircuits: DDR 4/3



© 2020 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