Cash flow
The cash flow from operating activities for the quarter was €98 million compared with €76 million in Q4 '16. The year on year increase was mainly driven by lower working capital utilisation in Q4 '17. On a full year basis, cash flow from operating activities was €173 million compared with €144 million in 2016.
The cash flow used in investing activities during the quarter increased by €3.0 million year on year to €29 million (Q4 '16: €26 million). On a full year basis, the cash flow used in investing activities (excluding the effect of acquisitions) was €120 million, an increase of €2.6 million year on year (FY '16: €117 million). The vast majority of the investments related to map content and various technology platforms to support growth in Automotive and Enterprise.
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CAPEX (excluding acquisitions)
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| (€ in millions) | Q4 '17 | Q4 '16 |
y.o.y. change |
FY '17 | FY '16 |
y.o.y. change |
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| Map content | 8.5 | 8.2 | 4% | 31.2 | 26.9 | 16% | |||||||||
| Mapmaking platform | 9.2 | 6.1 | 51% | 33.0 | 30.3 | 9% | |||||||||
| Applications | 3.4 | 1.9 | 79% | 15.0 | 12.4 | 21% | |||||||||
| Customer specific | 4.5 | 4.4 | 2% | 20.5 | 19.6 | 5% | |||||||||
| Telematics | 2.8 | 3.2 | -13% | 12.7 | 10.6 | 20% | |||||||||
| Other | 1.0 | 2.6 | -62% | 7.8 | 17.7 | -55% | |||||||||
| Total | 29.3 | 26.4 | 11% | 120.2 | 117.5 | 2% | |||||||||
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Change percentages and totals calculated before rounding. |
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