AMSTERDAM — (BUSINESS WIRE) — February 18, 2011 — Financial highlights full year 2010
- Revenue increased by 3% to €1,521 million
- Net result increased by 24% to €108 million, EPS of €0.49
- Net debt reduced to €294 million (YE 2009: €442 million)
Financial highlights Q4 2010
- Revenue decreased by 3% to €516 million (Q4 2009: €533 million)
- Content & Services revenue grew by 16% to €98 million
- Automotive revenue grew by 52% to €55 million
- Gross margin of 46% and EBIT margin of 13%
- Net result of €52 million
- Net cash flow from operating activities of €141 million
Operational highlights Q4 2010
- Expansion of existing automotive partnerships with Fiat, Toyota and Subaru
- Agreement signed with smartphone manufacturer HTC for provision of content
- Extension of MiTAC content licensing agreement to include Magellan
- GPS fitness watch announced in conjunction with Nike
Outlook full year 20111
- We expect broadly flat revenue and earnings per share in 2011 compared with 2010
Key figures2
| (in € millions) |
Q4 '10
(unaudited) |
Q4 '09
(unaudited) |
y.o.y.
change |
FY'10
(audited) |
FY'09
(audited) |
y.o.y.
change |
||||||
| Revenue | 516 | 533 | -3% | 1,521 | 1,480 | 3% | ||||||
| Gross result | 237 | 245 | -3% | 744 | 731 | 2% | ||||||
| Gross margin | 46% | 46% | 49% | 49% | ||||||||
| EBITDA | 95 | 136 | -30% | 295 | 327 | -10% | ||||||
| EBITDA margin | 18% | 26% | 19% | 22% | ||||||||
| Operating result | 65 | 111 | -42% | 186 | 221 | -16% | ||||||
| Operating margin | 13% | 21% | 12% | 15% | ||||||||
| Net result | 52 | 73 | -29% | 108 | 87 | 24% | ||||||
| EPS, € diluted | 0.23 | 0.33 | -29% | 0.49 | 0.47 | 3% | ||||||
|
Adjusted EPS 3 |
0.29 | 0.39 | -27% | 0.70 | 0.78 | -10% |
