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