Telematics generated revenue of €42 million in Q4 '17, flat compared with €42 million in Q4 '16. This performance was driven by growth in the WEBFLEET subscriber base, which was partially offset by a decline in hardware revenue. The recurring subscription revenue amounted to €33 million for the quarter, 6% higher compared with the same quarter last year. Hardware revenue declined with 15% year on year, due to a higher proportion of hardware rental in our subscriber sales mix. Revenue for 2017 was €162 million, representing a 4% growth year on year (FY '16: €155 million).

At the end of the year, Telematics reached more than 809,000 fleet management and connected car subscriptions. This represents a 16% year on year increase, from 696,000 subscriptions at the end of 2016.

Consumer
(€ in millions, unless stated otherwise)			Q4 '17		Q4 '16		y.o.y. change			FY '17		FY '16		y.o.y. change
Consumer products			81.0		140.6		-42%			367.7		502.0		-27%
Automotive hardware			10.0		11.7		-13%			44.9		61.2		-27%
Total Consumer revenue			91.0		152.3		-40%			412.5		563.2		-27%
Consumer segment EBITDA										-11.2		5.9
EBITDA margin (%)										-3%		1%
Consumer segment EBIT										-19.8		-3.9
EBIT margin (%)										-5%		-1%
Change percentages and totals calculated before rounding.

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