AMSTERDAM — (BUSINESS WIRE) — February 11, 2013 — Financial headlines Q4 2012
- Revenue down 19% year on year to €289 million
- Gross margin up 7 percentage points year on year to 53%
- One-off tax gain of €80 million; proceeds to be received in H1 2013
- EPS of €0.45 and adjusted EPS1 of €0.13 (Q4 2011: €0.05 and €0.16 respectively)
- Net cash flow from operating activities of €91 million
Financial headlines FY 2012
- Revenue down 17% year on year to €1,057 million
- Gross margin up 2 percentage points year on year to 52%
- OPEX down 12% year on year to €484 million2
- EPS of €0.58 and adjusted EPS of €0.40 (2011: €-1.97 and €0.55 respectively)
- Net debt of €86 million compared to €194 million at the end of 2011
Operational headlines Q4 2012
- HD Traffic 6.0 launched in US powered by 75 million probes
- New LBS portal launched for developers
- PND market share in Europe increased to 50%
- Partnership with LoJack Corporation to drive WEBFLEET sales in North American market
Outlook full year 2013
- Revenue in the range of €900 million to €950 million
- Adjusted EPS of around €0.20; €0.25 adjusted for the introduction of lifetime maps
Key figures
| (in € millions) | FY '12 | FY ‘11 | y.o.y. change | Q4 '12 | Q4 ‘11 | y.o.y. change | Q3 ‘12 | q.o.q. change | ||||||||
| Revenue | 1,057 | 1,273 | -17% | 289 | 357 | -19% | 274 | 6% | ||||||||
| Gross result | 555 | 640 | -13% | 154 | 166 | -7% | 150 | 3% | ||||||||
| Gross margin | 52% | 50% | 53% | 46% | 55% | |||||||||||
| EBITDA | 181 | 206 | -12% | 53 | 47 | 12% | 58 | -9% | ||||||||
| EBITDA margin | 17% | 16% | 18% | 13% | 21% | |||||||||||
| EBIT | 70 | -425 | 25 | 10 | 137% | 32 | -23% | |||||||||
| EBIT margin | 7% | -33% | 9% | 3% | 12% | |||||||||||
| Net result attr. to the group | 129 | -438 | 99 | 12 | 22 | |||||||||||
| EPS, € diluted | 0.58 | -1.97 | 0.45 | 0.05 | 0.10 | |||||||||||
| Adjusted EPS, € diluted | 0.40 | 0.55 | -28% | 0.13 | 0.16 | -22% | 0.14 | -10% |
