Automotive & Licensing combined revenue in the quarter was €72 million (Q4 '15: €70 million) and €269 million for the full year 2016 (FY '15: €248 million).

Automotive generated revenue of €37 million in the quarter, representing a 21% increase year on year. On a full year basis, Automotive revenue reached €133 million, 25% higher compared with last year (FY '15: €106 million). This growth reflects increasing revenue from new contracts that started to kick in during 2016 as well as higher revenue on existing contracts.

The deferred revenue position of Automotive increased to €59 million at the end of 2016 from €23 million at the end of 2015. A breakdown of deferred revenue is provided in the Balance sheet section.

Licensing revenue in Q4 '16 was €35 million compared with €39 million in the same quarter last year. On a full year basis, Licensing reported total revenue of €136 million, 4% lower compared with €142 million in 2015. The year on year decrease was driven mainly by the discontinuation of a customer business relationship, which was in turn partially offset by revenue growth from other customers.

In the quarter, FCA Group selected TomTom as ‘Innovation Supplier of the Year 2016’. Lucid Motors selected TomTom as ‘infotainment partner’ for its first vehicle launch. We also entered some smaller contracts with Tier1 and Tier2 suppliers, including Digen, through which TomTom components appeared in Mitsubishi vehicles.

In addition, we demonstrated Autonomous Driving together with Bosch at ITS world congress in Australia, and are working with the majority of OEMs and Tier1s using TomTom’s HD Map product samples, including RoadDNA.

Licensing business announced a partnership with Microsoft to integrate its online APIs into the Azure platform. By providing our maps, traffic, and navigation software on Azure, we will be able to reach a much broader developer community. This will make it easier and be more flexible for developers to build and manage mobile, web and ‘Internet of Things’ applications that are location-aware. We also extended a number of existing partnerships including MapQuest, Pitney Bowes, and SAP. The partnership with MapQuest (a subsidiary of AOL, Inc.) now includes TomTom’s leading traffic solution in addition to our mapping services. We have increased Pitney Bowes’ access to our localisation data and for the first time we are providing geocoding and address validation capabilities across SAP’s product portfolio globally.

Finally, to address the growing opportunities in smart city technology and live up to our commitment to fight against traffic congestion, we have launched TomTom City in 100 cities across six continents. The TomTom City portal is a showcase for the extensive range of traffic information we have available on a city by city basis and provides a platform to connect traffic authorities, businesses and citizens.

Telematics