TomTom Reports Second Quarter 2010 Results

Continued growth of Automotive, WORK, and Content & Services revenue

AMSTERDAM — (BUSINESS WIRE) — July 20, 2010Financial highlights Q2 2010

  • Group revenue of €362 million (Q2 2009: €368 million)
  • Strong growth of Automotive and WORK revenue by 82% and 42% respectively
  • Gross margin of 51% with healthy contribution of Content & Services revenue
  • Net result increased 69% to €34 million
  • Net cash flow from operating activities of €67 million

Operational highlights Q2 2010

  • Premium PND range announced based on new software architecture
  • Connected navigation is being rolled out across Europe
  • PND market share growth in both Europe and North America
  • Take up rate of in-dash solutions continues to be strong

Outlook 2010

  • Full year guidance maintained of broadly flat revenue and earnings per share in 20101

TomTom’s Chief Executive Officer, Harold Goddijn

“We made some important steps this quarter with the development of our new software architecture, which will allow us to bring innovations to the market faster. We will bring this new platform to our customers in 33 countries, firstly on our recently announced GO 1000 LIVE. Our new premium range PND will offer our customers a unique suite of services and features including HD Traffic and accelerated routing technology, providing our customers with the best guidance available with no hidden cost or additional charges when travelling abroad.”

Key figures2

(in € millions)   Q2'10   Q2'09  

y.o.y.
change

  Q1'10  

q.o.q.
change

                     
Revenue   362   368   -2%   268   35%
                     
Gross result   185   188   -1%   144   28%
Gross margin   51%   51%       54%    
                     
EBITDA 75 85 -12% 44 72%
EBITDA margin   21%   23%       16%    
                     
EBIT 50 57 -12% 17 192%
EBIT margin   14%   15%       6%    
                     
Net result   34   20   69%   3   992%
                     
EPS, € diluted 0.15 0.13 16% 0.01 993%

Adjusted EPS 3 , € diluted

  0.21   0.22   -8%   0.07   191%
1   In 2009 the full year revenue was €1,480 and the earnings per share were €0.47

2

Operating expenses include restructuring charges of €1.2 million in Q2 ’10, €1.4 million in Q1 ’10 and €2.1 million in Q2 ’09

3

Earnings per share adjusted for acquisition related amortisation, non-cash goodwill impairment and restructuring charges on a post tax basis

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15  Next Page »



Review Article Be the first to review this article
HP

Harris

Featured Video
Jobs
Sr. GIS Technical Analyst for Southern California Edison SCE Transmission and Distribution Organization at Rosemead, CA
Inside Sales for SolidCAM at Newtown, PA
Director of Mechanical Engineering for Velodyne LIDAR at Morgan Hill, CA
Architect for North County Transit District at Oceanside, CA
Architetural Project Manager for DRA Architects at Irvine, CA
Upcoming Events
2017 GIS/CAMA Technologies Conference at Chattanooga Convention Center Chattanooga Tennessee - Mar 6 - 9, 2017
IGTF 2017 ASPRS Annual Meeting 2017 at Marriot Waterfront Baltimore Baltimore MD - Mar 11 - 17, 2017
MAPPS Federal Programs Conference at Sheraton Hall Silver Spring Maryland - Mar 13 - 15, 2017
WorldCover 2017 Conference at ESRIN Italy - Mar 14 - 16, 2017
GENEQ
Teledyne Optech
Teledyne:
xponential2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy