AMSTERDAM — (BUSINESS WIRE) — October 29, 2012 — Financial headlines
- Group revenue of €274 million, down 19% year on year
- Gross margin of 55%, up 4 percentage points year on year
- Total operating expenses of €118 million, down 10% year on year
- EBIT margin 12%, flat year on year
- Adjusted EPS1 of €0.14 compared to €0.18 in the prior year
- Net cash flow from operating activities of €50 million; €70 million in the prior year
- Net debt reduced to €153 million compared to €194 million at the start of the year
Operational headlines
- Global content, software and services agreement with PSA Peugeot Citroën
- Mazda and Fiat relationships expanded with Mazda6 and Abarth models
- Navigation app for Android smartphones launched
- Growth of WEBFLEET subscriber base to 223,000, up 39% year on year
Outlook full year 2012
- Revised revenue guidance of around €1.05 billion reflecting the impact of the macro-economic conditions in Europe on the automotive industry; guidance for adjusted EPS of around €0.35 maintained
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Key figures |
||||||||||
| (in € millions) | Q3 '12 |
Q3 ‘11 2 |
y.o.y. change | Q2 ‘12 | q.o.q. change | |||||
| Revenue | 274 | 336 | -19% | 262 | 5% | |||||
| Gross result | 150 | 173 | -13% | 136 | 10% | |||||
| Gross margin | 55% | 51% | 52% | |||||||
| EBITDA | 58 | 68 | -15% | 41 | 42% | |||||
| EBITDA margin | 21% | 20% | 16% | |||||||
| EBIT | 32 | 41 | -22% | 14 | 128% | |||||
| EBIT margin | 12% | 12% | 5% | |||||||
| Net result attributable to the group | 22 | 29 | -23% | 9 | 151% | |||||
| EPS, € diluted | 0.10 | 0.13 | -23% | 0.04 | 151% | |||||
| Adjusted EPS, € diluted | 0.14 | 0.18 | -22% | 0.09 | 65% |
