TomTom reports fourth quarter and full year 2016 results

1 Change percentages and totals calculated before rounding.
2 Other services revenue comprises installation services and separately purchased traffic service and/or map content.

Telematics generated revenue of €42 million in Q4 '16, a 12% increase compared with €37 million in Q4 '15. This increase was driven by growth in the WEBFLEET subscriber base, which was partially offset by a decline in hardware revenue. The recurring SaaS revenue amounted to €31 million for the quarter, 19% higher compared with the same quarter last year. Hardware revenue was relatively flat compared with Q4 '15, due to a higher proportion of hardware rental in our new subscriber sales mix. Revenue for 2016 was €155 million, representing a 15% growth year on year (FY '15: €135 million).

At the end of the year, Telematics reported more than 46,000 customers worldwide, with an installed base of more than 696,000 active subscribers. This is a 15% increase from 605,000 at the start of 2016.

Consumer

(€ in millions, unless stated otherwise)   Q4 '16   Q4 '15  

y.o.y.
change

  FY '16   FY '15  

y.o.y.
change

                         
Consumer products   140.6   156.7   -10 %   502.0   551.2   -9 %
Automotive hardware   11.7   19.2   -39 %   61.2     72.4     -15 %
Total Consumer revenue   152.3   175.9   -13 %   563.2     623.6     -10 %
                         
Consumer segment EBITDA 5.9 14.1 -58 %
EBITDA margin (%) 1 % 2 %
Consumer segment EBIT -3.9 2.6
EBIT margin (%)               -1 %   0 %    

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