AMSTERDAM — (BUSINESS WIRE) — October 23, 2011 — Financial headlines Q3 2011
- Group revenue decreased by 10% to €336 million
- Content and Services revenue increased by 19% to €107 million
- Consumer revenue decreased by 23% to €225 million
- Automotive revenue increased by 43% to €59 million
- Licensing revenue increased by 27% to €36 million
- Business Solutions revenue increased by 33% to €17 million
- Net result attributable to the group increased by 50% to €29 million
- Net cash flow from operating activities increased by 62% to €70 million
Operational headlines Q3 2011
- Restructuring programme initiated; savings of €50 million targeted
- LIVE Services take rate increased to 28% from 21% last year
- Expansion of automotive partnerships with Renault, Fiat and Mazda
- Consumer product announcement for the Indian market
Outlook full year 2011
- We expect to deliver full year results towards the upper end of our guidance for revenue of between €1,225 million and €1,275 million and EPS of between €0.25 and €0.30, excluding impairment and restructuring charges
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Key figures1 |
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| (in € millions) | Q3’11 | Q3’10 | y.o.y. | Q2’11 | q.o.q. | ||||||||||
| change | change | ||||||||||||||
| Revenue | 336 | 375 | -10% | 314 | 7% | ||||||||||
| Gross result | 173 | 178 | -3% | 160 | 8% | ||||||||||
| Gross margin | 51% | 48% | 51% | ||||||||||||
| EBITDA | 68 | 81 | -16% | 46 | 49% | ||||||||||
| EBITDA margin | 20% | 22% | 15% | ||||||||||||
| Operating result | 41 | 55 | -26% | -494 | |||||||||||
| Operating margin | 12% | 15% | |||||||||||||
| Net result attributable to the group | 29 | 19 | 50% | -489 | |||||||||||
| EPS, € diluted | 0.13 | 0.09 | 50% | -2.20 | |||||||||||
|
EPS, € diluted, excluding impairment |
0.13 | 0.09 | 50% | 0.05 | 162% | ||||||||||
|
Adjusted EPS, € diluted |
0.18 | 0.14 | 35% | 0.10 | 80% | ||||||||||
