TomTom Reports Third Quarter 2014 Results

In the third quarter, the first commercial release of the MultiNet-R map format was delivered. MultiNet-R is the first product fully built from our new map-making platform and allows us to deliver short cycle times between detecting changes in the real world and updating the map on our end-user’s devices at high quality levels.

We also extended our location-based services product portfolio with an online turn-by-turn navigation service for business customers. This new product enables mobile device vendors and web service providers to provide online mapping and navigation applications that do not require an offline map. The service also includes TomTom's maps, real-time traffic service and navigation software along with easy-to-use software development kits.

Telematics

(€ in millions, unless stated otherwise)   Q3 '14   Q3 '13  

y.o.y.

change

  YTD '14   YTD '13  

y.o.y.

change

                         
Hardware revenue   8.8   6.4   39%   24.2   19.5   24%
Subscription revenue   19.6   14.8   32%   55.0   41.0   34%
Total Telematics revenue   28.4   21.2   34%   79.2   60.5   31%
                         
Monthly ARPU (€) 16.0 16.7 -4%
WEBFLEET subscriber installed base (#)   414,000   310,000   34%            

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