TomTom falls after annual revenue drop, forecast for softer 2025
04/02/2025 08:13
** Shares in Dutch digital mapping specialist TomTom
TOM2.AS fall 9.5% after it reports a 2024 revenue drop and
forecasts a further decline for 2025
** Its annual revenue was 574.4 million euros ($591.2
million), above the 573 million euros expected by analysts in a
company-provided consensus
** TomTom says it has limited visibility for 2025 and
expects lower revenue of 505-565 million euros for the year
** "There's a lot of moving parts, more so than I've ever
seen before in my career," CEO Harold Goddijn says
** The shares are on track for their worst day since April
17, 2024 if the losses hold
(Reporting by Mathias de Rozario and Hugo Lhomedet in Gdansk)
((mathias.derozario@thomsonreuters.com;))