Automotive revenue for the quarter was €30 million, a 28% increase year on year mainly reflecting increase in maps and traffic revenue of recently announced contracts.

On a full year basis, Automotive revenue was €106 million compared with €109 million last year. The modest year on year decline was mainly the result of the phasing out of certain legacy contracts in combination with a higher share of deferred revenue compared with 2014. Deferred revenue in Automotive relates to map and traffic services from recent contract wins that will be delivered over time. As a result, the IFRS recognition of our Automotive revenue includes deferral elements as of 2014, which impacts the year on year comparison. A breakdown of deferred revenue is provided in the Balance sheet section.

We announced that BMW has chosen our traffic information in Russia, Australia and New Zealand. The service is available cross car-line as part of the ‘Connected Drive’ offer on BMW vehicles. In addition, Daimler chose our navigation services for its new ‘Mercedes me’ app. We also launched HD test map data for all interstate roads in California and all interstates and freeways in Michigan. By delivering TomTom’s HD Map and RoadDNA products for states that serve as testing grounds for driverless cars, we enable the automotive industry to bring autonomous driving closer to reality.

Licensing

(€ in millions, unless stated otherwise)			Q4 '15			Q4 '14			y.o.y. change			FY '15			FY '14			y.o.y. change
Licensing revenue			39.3			31.6			24%			142.1			111.6			27%
Licensing segment EBITDA												42.3			30.1			41%
EBITDA margin (%)												30%			27%
Licensing segment EBIT												0.0			-11.4			-100%
EBIT margin (%)												0%			-10%
Change percentages are based on non-rounded figures.

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