TomTom Reports First Quarter 2017 Results

Change percentages and totals calculated before rounding.

Automotive & Licensing combined revenue in the quarter was €74 million (Q1 '16: €63 million).

Automotive generated revenue of €41 million in the quarter, representing a 38% increase year on year. This growth mainly came from higher revenue on a contract that started to kick in during the first half of 2016. Licensing revenue in Q1 '17 was €33 million compared with €34 million in the same quarter last year.

In the quarter, Automotive business announced that Alfa Romeo selected TomTom navigation, software and maps, globally, for its Stelvio SUV. It was also revealed that all new Renault cars with the R-LINK infotainment system will come with 3 years’ TomTom Traffic, and 3 years’ European map updates included. Furthermore, the Opel Crossland X, unveiled at the Geneva Motor Show, will be equipped with TomTom components, including software and maps.

We completed the expansion of our HD Map product to the entire mainland US interstate network, now covering over 185,000 kilometres of interstates and highways across the country. Also, Volvo Cars selected our HD Map to power the Volvo Drive Me programme, a research project where real drivers will use Autonomous Driving in their daily lives on public roads. In addition, we announced a new project to crowdsource high definition map data together with Qualcomm, exploring the connectivity and compute capabilities of their Drive Data Platform.

In January, we acquired Autonomos, a Berlin-based Autonomous Driving start-up. Autonomos has built up expertise and technologies for automated vehicle assistance systems, including a full demonstration-level Autonomous Driving software stack, 3D sensor technology, and digital image processing.

Our Licensing business announced the extension of our relationship with Mappy, including access to TomTom traffic data from 10 countries to the whole of Europe. Frankfurt and Düsseldorf have implemented an intelligent traffic control system, developed by Munich-based GEVAS software, which includes TomTom’s detailed live traffic data for an enhanced view of the cities’ traffic flows.

The introduction of TomTom Traffic in Argentina and Colombia increased the coverage in South America to four countries and extends the global reach of our traffic service to 54 countries. The growth in coverage has been aided by the continuous growth in the GPS trace input to the TomTom traffic fusion engine from our community, which has now surpassed 500 million connected data sources that include smartphones, embedded automotive systems, telematics systems and portable navigation devices.

Telematics

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

y.o.y.¹
change

             
Subscriptions   30.7   28.9  

6%

Hardware and other services²   10.0   8.2  

21%

Total Telematics revenue   40.6   37.1  

10%

             
Monthly revenue per subscription (€) 14.3 15.3

-7%

Subscriber installed base (# in thousands)   723   625  

16%


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