TomTom beats Q3 EBIT expectations, share rises

TomTom NV

14/10/2025 08:38

** Shares in Dutch location technology company TomTom TOM2.AS rise 7.5% after beatingQ3 operating results expectations

** Its earnings before interests and taxes (EBIT) came in at 8.4 million euros ($9.72 million) in the third quarter, compared with 2 million euros in a company-provided consensus

** ING analyst notes the growth has been led by a good performance in its automotive unit with the launch of new vehicle lines where its products are embedded

** "This is a notable positive given the persistent weakness in Automotive end markets," he adds

** Shares in TomTom are on track for their best day since September 5, if gains hold

($1 = 0.8645 euros)

 (Reporting by Mathias de Rozario and Elizaveta Zhuravleva in Gdansk)

 ((mathias.derozario@thomsonreuters.com ; Elizaveta.Zhuravleva@thomsonreuters.com))