TomTom Reports Fourth Quarter and Full Year 2017 Results

Telematics generated revenue of €42 million in Q4 '17, flat compared with €42 million in Q4 '16. This performance was driven by growth in the WEBFLEET subscriber base, which was partially offset by a decline in hardware revenue. The recurring subscription revenue amounted to €33 million for the quarter, 6% higher compared with the same quarter last year. Hardware revenue declined with 15% year on year, due to a higher proportion of hardware rental in our subscriber sales mix. Revenue for 2017 was €162 million, representing a 4% growth year on year (FY '16: €155 million).

At the end of the year, Telematics reached more than 809,000 fleet management and connected car subscriptions. This represents a 16% year on year increase, from 696,000 subscriptions at the end of 2016.

Consumer

 
(€ in millions, unless stated otherwise)     Q4 '17   Q4 '16  

y.o.y.

change

    FY '17   FY '16  

y.o.y.

change

 
                               
Consumer products     81.0   140.6   -42%     367.7   502.0   -27%
Automotive hardware     10.0   11.7   -13%     44.9   61.2   -27%  
Total Consumer revenue     91.0   152.3   -40%     412.5   563.2   -27%  
                               
Consumer segment EBITDA -11.2 5.9
EBITDA margin (%) -3% 1%
Consumer segment EBIT -19.8 -3.9
EBIT margin (%)                   -5%   -1%      

Change percentages and totals calculated before rounding.

 

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