TomTom Reports Second Quarter 2015 Results

1Other services revenue comprises installation services and separately purchased traffic service and/or map content.

Telematics revenue for the quarter was €35 million, a 37% increase compared with €26 million in Q2 '14. The recurring subscription revenue for the quarter increased by 34% year on year to €24 million (Q2 '14: €18 million).

In June, Telematics held its annual international developers’ conference for WEBFLEET.connect development partners in Amsterdam. IT professionals and software developers joined forces to encourage innovation in connected apps and integrations built around our WEBFLEET platform. To date we have more than 600 third party solutions and apps connected to our WEBFLEET platform.

We made good progress with our TomTom LINK 100 device. The dongle plugs into the vehicle’s OBD port to connect this vehicle and a driver’s smartphone via Bluetooth. A diversity of tailored applications gives drivers real-time feedback and reports on their driving style. The number of connected applications using the TomTom LINK 100 device increased with our recently launched TomTom CURFER, a product that allows you to visualise your driving style in real-time, and new product developments from our insurance customers.

Hardware and Content & Services revenue split

                                     
(€ in millions, unless stated otherwise)     Q2 '15     Q2 '14    

y.o.y.
change

    H1 '15     H1 '14    

y.o.y.
change

                                     
Hardware revenue     149.4     147.6     1%     255.4     253.5     1%
Content & Services revenue     115.2     104.4     10%     214.5     203.8     5%
Total revenue     264.6     252.0     5%     469.9     457.3     3%

Change percentages are based on non-rounded figures


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