AMSTERDAM — (BUSINESS WIRE) — February 27, 2012 — 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
Outlook full year 2012
- We expect to deliver revenue of around €1.1 billion and adjusted EPS2 of around €0.35
|
Key figures |
||||||||||||||||||||||||
| (in € millions) |
Q4 '11 |
Q4 '10 |
change | FY '11 | FY '10 | change | ||||||||||||||||||
| Revenue | 357 | 516 | -31% | 1,273 | 1,521 | -16% | ||||||||||||||||||
| Gross result | 166 | 237 | -30% | 640 | 744 | -14% | ||||||||||||||||||
| EBITDA | 47 | 95 | 206 | 295 | ||||||||||||||||||||
| EBITDA (normalised) | 61 | 96 | -37% | 221 | 299 | -26% | ||||||||||||||||||
| Operating result | 10 | 65 | -425 | 186 | ||||||||||||||||||||
| Operating result (normalised) | 24 | 66 | -64% | 102 | 190 | -46% | ||||||||||||||||||
| Net result | 12 | 52 | -438 | 108 | ||||||||||||||||||||
| Net result (normalised) | 17 | 50 | -67% | 68 | 107 | -36% | ||||||||||||||||||
| EPS, € diluted | 0.05 | 0.23 | -1.97 | 0.49 | ||||||||||||||||||||
| EPS, € diluted (normalised) | 0.07 | 0.22 | -66% | 0.31 | 0.48 | -35% | ||||||||||||||||||
| Adjusted EPS, € diluted | 0.16 | 0.29 | -43% | 0.55 | 0.70 | -22% | ||||||||||||||||||
|
1 |
Normalised results exclude restructuring and impairment charges to
match the basis on which we provided
|
|
|
2 |
Earnings per share adjusted for impairment, acquisition-related
amortisation and restructuring charges on a
|
