TomTom Reports First Quarter 2017 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 revenue for the quarter was €41 million, a 10% increase compared with €37 million in Q1 '16. The increase is driven by an increase in both the recurring subscription revenue as well as from hardware sales. The recurring subscription revenue for the quarter increased by 6% year on year to €31 million (Q1 '16: €29 million). Monthly revenue per subscription declined 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 the quarter, TomTom Telematics surpassed 723,000 subscriptions to its connected car and fleet management solutions. This represents a 16% increase compared with 625,000 at the end of Q1 '16.

Consumer

(€ in millions, unless stated otherwise)   Q1 '17   Q1 '16  

y.o.y.
change

             
Consumer products   85.2   97.1   -12%
Automotive hardware   12.7   19.5   -35%
Total Consumer revenue   98.0   116.6   -16%

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