TomTom Reports Fourth Quarter and Full Year 2015 Results

Total Consumer revenue for the quarter was €176 million, an increase of 2% compared with €172 million in Q4 '14. Total Consumer products revenue amounted to €157 million in the quarter, €1 million higher than in the same quarter last year (Q4 '14: €156 million). The Automotive hardware revenue increased by 17% year on year to €19 million in the quarter (Q4 '14: €16 million). This year on year increase was mainly due to changes in the product mix.

On a full year basis, Consumer products revenue increased by 1% and amounted to €551 million (FY '14: €548 million). The year on year growth was mainly driven by a strong growth in our Sports category, partially offset by modestly lower PND revenue.

Our PND business developed better than the market in 2015. We maintained our leading market position in Europe, improved our market share in North America and we strengthened our average selling price (ASP), which resulted in value share growth and a modest decline of our PND revenue in 2015. Sports revenue amounted to €69 million in 2015, an increase of 40% compared with last year (FY '14: €50 million). We shipped over 600,000 GPS sport watches in 2015.

Automotive

                                     
(€ in millions, unless stated otherwise)     Q4 '15     Q4 '14    

y.o.y.
change

    FY '15     FY '14    

y.o.y.
change

                                     
Automotive revenue     30.3     23.6     28%     105.9     109.4     -3%
                                     
Automotive segment EBITDA                 26.1     20.1     30%
EBITDA margin (%) 25% 18%
Automotive segment EBIT -33.9 -28.7 18%
EBIT margin (%)                       -32%     -26%      
 

Change percentages are based on non-rounded figures.

 

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