TomTom Reports Third Quarter 2017 Results

Telematics revenue for the quarter was €39 million, 8% higher compared with the same quarter last year. The recurring subscription revenue for the quarter increased by 7% year on year to €32 million (Q3 '16: €29 million). Hardware and other services revenue increased by 10% year on year in the third quarter mainly due to a one-off service revenue. Monthly revenue per subscription decreased by 7% year on year, mainly due to a mix effect caused by growing aftermarket connected car volumes, which are priced at lower levels compared with the traditional fleet management services.

At the end of Q3 '17, Telematics reached 785,000 fleet management and connected car subscriptions. This represents a 17% year on year increase, from 671,000 subscriptions at the end of Q3 '16.

We continue to invest in our main Fleet Management Solution WEBFLEET. In the quarter, we provided access to all of our customers to the open beta version of the New WEBFLEET 2018, offering a complete new user interface.

In September, market research firm Berg Insight recognised TomTom Telematics as Europe's leading provider of fleet management solutions, for the third year running. According to its “Fleet Management in Europe” report, Telematics is currently twice as large as the second player.

Continuing on the Connected Car strategy, in Q3, we worked with LeasePlan on new Connected Car apps and gave them access to our cloud-based TomTom Telematics Services Platform.

Consumer

                         
(€ in millions)   Q3 '17   Q3 '16  

y.o.y.
change

  YTD '17   YTD '16  

y.o.y.
change

                         
Consumer products   88.4   126.2   -30%   286.8   361.4   -21%
Automotive hardware   8.8   10.9   -20%   34.7   49.5   -30%
Total Consumer revenue   97.2   137.1   -29%   321.5   410.9   -22%

Change percentages and totals calculated before rounding.


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