Navigation specialist TomTom's 2024 revenue drops on automotive market concerns
04/02/2025 06:14
(Repeats story to chain to corrected alerts; no changes to
text)
Feb 4 (Reuters) - Dutch digital mapping specialist
TomTom TOM2.AS reported a 2% drop in its full-year revenue on
Tuesday, slightly above expectations, impacted by a
deterioration of the global automotive market.
The Amsterdam-based company posted a revenue of 574.4
million euros ($591.17 million) for the year ended Dec. 31,
above the 573 million euros expected in a company-provided
consensus.
It now expects group revenue between 505 million euros and
565 million euros, location technology revenue between 440
million euros and 490 million euros, and free-cash flow at
break-even in 2025.
($1 = 0.9716 euros)
(Reporting by Hugo Lhomedet and Mathias De Rozario; Editing by
Rashmi Aich)
((Hugo.Lhomedet@thomsonreuters.com;
mathias.derozario@thomsonreuters.com))