Telvent Announces Fourth Quarter And Fiscal Year 2010 Financial Results

Meeting the Top and Bottom Line FY 2010 Guidance

• Full Year Non-GAAP ¹ Revenues Organic Growth of 3.9%
• Full Year Adjusted EBITDA of € 114.7 Million, Increasing 5.0%
• Full Year Pro Forma Diluted EPS of € 1.38
• Confirming Business Momentum with a Very Strong Fourth Quarter
• New Bookings During 2010 Reached € 790.6 Million, Driving Backlog to € 917.4 Million

ROCKVILLE, Md., Feb. 24, 2011 (GLOBE NEWSWIRE) -- Telvent GIT, S.A. (Nasdaq:TLVT), a leading real-time IT solutions and information provider for a sustainable world, today announced its unaudited consolidated financial results for the fourth quarter and fiscal year ended December 31, 2010.

Ignacio Gonzalez, Chairman and Chief Executive Officer, said, "I am delighted with our performance throughout 2010. We were not only able to meet our top and bottom line guidance for this challenging year, but we also were able to achieve organic growth in four out of our five business segments, which continues to illustrate the Company's strength and resilience. In addition, our gross margins continue to expand due to our focus on information services within our Energy, Environment and Agriculture segments."

He continued, "We are pleased to share a great fourth quarter to end the fiscal year. We managed to grow our business organically double digits. In addition, we saw an increase in bookings of 28% quarter over quarter, allowing us to maintain a book-to-bill ratio over 1, which demonstrates the good momentum we are seeing in all our business segments. We also had a strong quarter in terms of cash collections with more than € 273 million."

"Finally, I expect 2011 to be another positive year for Telvent as we continue to grow and diversify our business", he concluded.

¹ Each of the financial measures described in this press release is an unaudited and non-GAAP financial measure and reconciliation of each such measure to the most directly comparable unaudited GAAP financial measure is set forth in this press release immediately following the unaudited financial statements. Non-GAAP results should be viewed in addition to, and not in lieu of, GAAP results.

Fourth Quarter 2010 Highlights