Automotive generated revenue of €54 million in the quarter, representing a 47% increase year on year. On a full year basis, Automotive revenue reached €191 million, 44% higher compared with last year (FY '16: €133 million). This considerable revenue growth mainly came from the ramp-up of a new contract that went live in 2016 as well as higher revenue from existing contracts. The deferred revenue position of Automotive increased in the year by 94% to €113 million at the end of 2017 (December 2016: €59 million). A breakdown of deferred revenue is provided in the Balance Sheet section.
Enterprise revenue in Q4 '17 was €33 million compared with €35 million in the same quarter last year. This decline was mainly caused by a weaker USD. On a full year basis, Enterprise reported total revenue of €138 million, 1% higher compared with €136 million in 2016.
We launched our traffic service in Japan during the quarter, bringing our global Traffic coverage to 69 countries. We announced a collaboration with ZENRIN, Japan’s market leader in mapping and navigation, to cooperate on traffic services and mapping in Japan. With this collaboration, we will be able to provide even more accurate traffic information to OEMs and Tier 1s in the country. In addition, we extended our HD Map coverage to Japan, covering over 18,000 kilometres of freeways across the country.
At the CES 2018, we launched AutoStream, an innovative map delivery service that enables vehicles to build a horizon for the road ahead by streaming the latest map data from the TomTom cloud. TomTom AutoStream has launched with two initial partners: Baidu and Zenuity. We also announced TomTom MotionQ, a unique predictive driving concept to ensure the comfort of passengers in self-driving transport. We are working together with Qualcomm to demonstrate new location technologies for autonomous driving, specifically, fusing the TomTom HD Map, with camera technologies and GPS data from the Qualcomm® Drive Data Platform, to power highly precise and reliable localisation for connected car applications and autonomous vehicles.
Also in the quarter, TomTom Route Monitoring was introduced, designed to address the growing road congestion challenges faced by smart cities worldwide. This service helps traffic managers, event managers and emergency service dispatchers to monitor travel times and delays on routes of interest, as they happen, and inform the public of delays and alternative routes through smartphones, in-car systems and variable message signs.
In Enterprise, we announced that our online APIs are integrated in the newly launched Microsoft Azure cloud platform. By providing our location-based technologies on Azure, we enable IoT solutions, with impact on a wide range of industries from Smart Cities to Automotive. We have also completely revamped the developer portal for Online APIs during the quarter. Update included enhancements to the product offerings and a pricing model geared towards small and medium sized businesses to easily integrate TomTom’s Online APIs into their applications. We started to supply map and traffic data to Transport Systems Catapult (TSC), supporting their intelligent mobility platform in providing innovative transportation solutions in the UK.
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Telematics
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| (€ in millions, unless stated otherwise) | Q4 '17 | Q4 '16 |
y.o.y.¹ change |
FY '17 | FY '16 |
y.o.y.¹ change |
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| Subscriptions | 32.7 | 30.8 | 6% | 126.3 | 118.4 | 7% | ||||||||||
| Hardware and other services² | 9.2 | 10.8 | -15% | 35.8 | 36.8 | -3% | ||||||||||
| Total Telematics revenue | 42.0 | 41.6 | 1% | 162.1 | 155.1 | 4% | ||||||||||
| Telematics segment EBITDA | 59.1 | 59.1 | 0% | |||||||||||||
| EBITDA margin (%) | 36% | 38% | ||||||||||||||
| Telematics segment EBIT | 43.0 | 44.5 | -3% | |||||||||||||
| EBIT margin (%) | 27% | 29% | ||||||||||||||
| Monthly revenue per subscription (€) | 13.6 | 14.5 | -6% | 13.8 | 14.9 | -7% | ||||||||||
| Subscriber installed base (# in thousands) | 809 | 696 | 16% | |||||||||||||
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1 Change percentages and totals calculated before rounding. 2 Other services revenue comprises installation services and separately purchased traffic service and/or map content. |
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