TomTom reports third quarter 2016 results

Change percentages and totals calculated before rounding.

Consumer revenue for the quarter decreased by 15% year on year to €137 million (Q3 '15: €161 million), reflecting decrease in both Consumer products and Automotive hardware revenue. Consumer products revenue in Q3 '16 was down by 14% year on year, driven by a decline in the PND market, partially offset by sharp growth in Sport revenue which more than doubled year on year. The Automotive hardware revenue declined by 28% year on year due to discontinuation of a legacy platform, that went end of life at the start of Q3 '16.

We enhanced our Consumer product range with the introduction of new products in this quarter. In Sports, we refreshed our Running product range with the next generation sport watches that now include route exploration. We also introduced the new GPS Outdoor Watch designed for outdoor activities with dedicated sports modes for hiking, trail running, skiing and snowboarding. Our fitness product offering is extended with the TomTom TOUCH, our first fitness tracker that combines body composition analysis with steps, sleep and all day heart rate tracking.

In Drive, we launched the new TomTom VIO, the world’s first navigation device designed for scooters. We also revealed the GO PND with built-in Wi-Fi®, as well as Siri and Google Now™ integration.

Automotive

                         
(€ in millions)   Q3 '16   Q3 '15   y.o.y. change   YTD '16   YTD '15   y.o.y. change
                         
Revenue   31.3   26.0   21%   95.9   75.6   27%

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