TomTom Reports First Quarter 2017 Results

Change percentages and totals calculated before rounding.

Consumer revenue for the quarter decreased by 16% year on year to €98 million (Q1 '16: €117 million), reflecting a decrease in both Consumer products as well as Automotive hardware revenue. The Automotive hardware revenue declined by 35% year on year due to discontinuation of a legacy platform, that went end of life at the start of Q3 '16. Consumer products revenue in Q1 '17 was 12% lower year on year, mainly driven by the continued decline in the PND market.

In the quarter, Sports launched the TomTom Touch Cardio that monitors heart rate, adding to a more accurate calculation of calorie burn, measures the intensity of efforts, and providing insight about fitness level. Sports also released the completely renewed Sports app with a more engaging and motivating way to view activities, trends and comparisons, and monitor performance.

Data, software & services and Hardware revenue split

(€ in millions)   Q1 '17   Q1 '16   y.o.y. change
             
Data, software & services   127.0   115.6   10%
Hardware   85.7   101.6   -16%
Total revenue   212.7   217.2   -2%

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