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This was in comparison with a net income of EUR58m or EUR0.38 per diluted share in the third quarter of 2008, representing a 47% and 63% decline, respectively.
Revenues for the quarter were EUR365m, a 15% decline over EUR429m in the third quarter of the prior year and a 1% decline over EUR368m in the second quarter.
Regarding its outlook the company said that end user demand continued to develop in line with its expectations in both Europe and North America. For the full year 2009, the European and North American PND market sizes are expected to be approximately 15 million and 17 million units respectively.
Also, the company said that it is ahead of schedule to achieve its EUR90m operating expenses savings target when comparing operating expenses in 2009 to the 2008 full year pro forma operating expenses of EUR627m.
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