Netherlands' TomTom Q1 operating result, margin improve on cost control

TomTom NV

16/04/2026 06:14

Overview

Netherlands geospatial solutions provider's Q1 group revenue fell 8% yr/yr

Operating result improved, with margin rising to 11% despite lower revenue

Company completed EUR 11 mln of EUR 15 mln share buyback program

Outlook

TomTom reiterates its full-year 2026 guidance

Company says operational execution and strategic progress position it to deliver 2026 commitments

Result Drivers

COST CONTROL - Improved operating result and margin supported by higher gross margin and disciplined cost control, per CFO Taco Titulaer

NEW PARTNERSHIPS - Strengthened position in Traffic and Traffic Analytics through new agreements with AECOM, Kapsch TrafficCom, and LOCUS

STRATEGIC INVESTMENT - Continued investment in Lane Model Maps and other strategic priorities to sustain momentum, per CFO Taco Titulaer

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 129 mln
Q1 EBIT
EUR 14 mln
Q1 EBIT Margin
11%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the phones & handheld devices peer group is "buy"

Wall Street's median 12-month price target for TomTom NV is €6.20, about 37.6% above its April 15 closing price of €4.51

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 24 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)