Mocht er iemand in geïnteresseerd zijn; dit is verteld omtrent de sports-tak van consumer in de CC over de Q3 cijfers.
Harold Goddijn:
I would start with an update on our Consumer Sports business. We communicated earlier that we would initiate a strategic review for our Sports business. That review is ongoing. But in the meantime we have reduced our cost and are now in maintenance mode. Our customers, both existing and new ones, will continue to be served. We've just launched major updates to our mobile app and website that have been very well received. But of course, [our costs are now aligned] -- and given a short period of adjustment, we will return to black numbers by the end of Q4. The review for assessing our longer term options is in full swing, and we expect to give an update at our full year results or earlier if possible.
Om dit even in perspectief te zetten, het maakt maar 10% uit van de consumer omzet;
Consumer revenue decreased 29% year-on-year to just south of EUR 100 million. The majority of revenue, roughly 80%, is PND related, Sports represent approximately 10%, and so does Automotive hardware, also 10% of consumer revenue.
Vraag Francois-Xavier Bouvignies - UBS Investment Bank, Research Division
On the Consumer business and the Sports revenue -- Sports division review. What -- can you narrow a bit the list of option you have after the third quarter. Is the sale still possible? Anything more around the work you've done in Q3? Where you are now and what should -- could we expect at the end of Q4 when you update?
Antwoord Harold Goddijn
So we announced a strategic review. What we do -- what we have done in the meantime is bringing the cost down and we're in maintenance mode now. And that means that we are serving our customers and retailers, but we're not investing in new product and we've cut our marketing expense write down. In the meantime, we continue to look at options that are available to us. There's a lot of good assets in the business as well. And we've been approached by a number of parties, who've asked us to have a look at their business. That review is in full swing. I hope that I -- that by the full year results, we can give you further insight and further information and perhaps earlier. But that we'll -- we're not fully in control of that process.
Vraag Marc Zwartsenburg - ING Groep N.V.
Couple of questions. To start with the Sports category. Can you give us, Harold, an idea of the loss that you roughly are going to make in 2017? Just to get a feel for the swing since you mentioned that you're going to be writing black figures as of Q4, to get a sense for the swing for next year. That's my first question.
Antwoord Harold Goddijn
No, I don't -- I really can't do that, unfortunately. We haven't disclosed that number. We have done -- so we lost money, yes. We stopped the bleeding. By the end of the year, it's black numbers and then try to put it to history as soon as we can.
Reactie Marc Zwartsenburg - ING Groep N.V
No, that's what we're done trying to do because we already decided that it's -- that we're going to phase it out or -- and take another decision on
it. So going forward, it is then important for us to know what roughly the loss and the bleeding has been because then we can also properly adjust
our models going forward. I think that's a big positive, stopping the bleeding. And that's why we want to get a bit of feeling. This is a public call,
so the disclosure issue should not be a problem.
Antwoord Harold Goddijn
I get that. But I would like to wrap this all up. There's a lot of moving parts. I would like to wrap this all up in February 2018 while we give you information how to look at 2018 and how does different things are moving together and in combination. I don't want you to -- I don't want to give a number, you add it on to the net profit for 2018, I don't think that's right. There's more going on. So I'm not sure we would really help you understanding how that exactly works. So I would prefer, given that uncertainty, the flux we're going through, to give you a number in February 2018. So you can -- you have what you need for the moment.
Reactie Marc Zwartsenburg - ING Groep N.V
Well that was really because I see -- I see quite conflicting stuff in the market on this. And to be fair, what is difficult then to understand if we say there's a small -- there's a lot and we write black figures that we just have the delta next year that is -- is there anything else that I'm overlooking then that should repeat into your account.
Antwoord Harold Goddijn
Well, I can add to that. There are other trends as well, right. So Consumer in itself is not only Sports, it is -- as we have reported the half-year numbers that it is more or less breakeven Consumer as such. So if you then work out what Sports is not contributing that you would add the rest to PNDs and Automotive hardware. But the latter 2 categories will decline in 2018 as well, right. So...
Opmerking Taco Titulaer
So -- and Harold kind of expected you to have that second question follow-up question. And then we go into a much more disclosure than we already have done before and we don't want to do that.
Ben benieuwd op welke manier ze het gaan “up-wrappen” aanstaande dinsdag.