TomTom's Chief Executive Officer, Harold Goddijn
“We reported revenue of €987 million in 2016, which is slightly below last year. We are increasing high margin recurring data, software & services business, which now reflects nearly 50% of our revenue mix and more than 70% of our gross result mix. Gross result grew strongly this year with 9%.
Our Automotive products and roadmap continue to be well received, resulting in order intake for 2016 of over €300 million. Order intakes from previous years are now starting to deliver a strong revenue growth in Automotive. We are working with many automotive OEMs and Tier1s to integrate our HD Maps into the self-driving systems they are developing. In early 2017, we acquired Autonomos, a Berlin-based start-up that will give us greater insights and capabilities into the Autonomous Driving software stack.
Telematics reached a subscriber base of nearly 700,000 subscriptions, representing the largest European fleet management business.”
Outlook 2017
In 2017, we expect full year revenue of between €925 million and €950 million. Adjusted EPS1 is expected of around €0.25.
We expect the combined revenue of the Automotive, Licensing and Telematics businesses to grow above 10% year on year in 2017, in line with our previous expectations of their combined revenue CAGR of 15% between 2016 and 2020.
In Consumer, we expect the PND revenue to continue to decline; this will be only partially offset by a growing Sports business.
We expect the level of investments (both CAPEX and OPEX) to show a modest increase compared with 20162, excluding acquisitions. In particular, we are investing in advanced content and software for the automotive industry and in our mapmaking activities.