Brief: Tomtom Q3 Net Loss At Eur 4.4 Million, Maintains FY Group Revenue Guidance

TomTom NV

11/10/2024 06:13

Oct 11 (Reuters) - TomTom NV  TOM2.AS :
    * Q3 NET LOSS EUR 4.4 MILLION VERSUS LOSS OF EUR 3 MILLION
IN
COMPANY-PROVIDED CONSENSUS
    * Q3 FREE CASH FLOW EUR 15.0 MILLION
    * Q3 GROUP REVENUE DECREASED BY 2% TO EUR 141 MILLION (Q3
'23: EUR
144 MILLION)
    * Q3 LOCATION TECHNOLOGY REVENUE WAS EUR 120 MILLION (Q3
'23: EUR
119 MILLION)
    * Q3 GROSS PROFIT EUR 121.8 MILLION VERSUS EUR 122 MILLION
IN
COMPANY-PROVIDED CONSENSUS
    * Q3 EBIT LOSS EUR -4.1 MILLION
    * MAINTAIN OUR FULL-YEAR GUIDANCE FOR GROUP REVENUE AND
EXPECT
LOCATION TECHNOLOGY REVENUE TO LAND AROUND LOWER BOUNDARY OF OUR
GUIDANCE
    * REITERATES FREE CASH FLOW GUIDANCE FOR FULL YEAR

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Further company coverage:  TOM2.AS 

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