TomTom Reports First Quarter 2018 Results

Change percentages and totals calculated before rounding.
1Other services revenue comprises installation services and separately purchased traffic service and/or map content.

Telematics revenue for the quarter was €43 million, 7% higher compared with the same quarter last year. The recurring subscription revenue for the quarter increased by 8% year on year to €33 million (Q1 '17: €31 million). Monthly revenue per subscription decreased by 6% year on year, mainly due to a mix effect caused by growing aftermarket connected car volumes, which are priced at lower levels compared with the traditional fleet management services.

At the end of Q1 '18, Telematics reached 826,000 fleet management and connected car subscriptions. This represents a 14% year on year increase, from 723,000 subscriptions at the end of Q1 '17.

Consumer

(€ in millions, unless stated otherwise)   Q1 '18   Q1 '17  

y.o.y.
change

             
Consumer products   57.0   82.9   -31%
Automotive hardware   12.2   12.7   -4%
Total Consumer revenue   69.2   95.6   -28%

Change percentages and totals calculated before rounding.

 

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