TomTom sees lower margin in H2; shares fall

TomTom NV

15/07/2026 10:34

** Shares of TomTom TOM2.AS fall 12.6% after the Dutch digital mapping specialist said it expects lower margin in H2
** TOM2 confirmed its FY guidance with operating margin at around 3%, down from 8% in H1
** This implies that the second half will be close to break-even - ING analyst, Marc Hesselink told Reuters 
** "Management indicated that lower capitalisation in H2 is expected to weigh modestly on margins, partially reversing the 1H overperformance," he adds in a note
** TOM2's shares are on track for their worse day since February 4, if losses hold

($1 = 0.8755 euros)
 

 (Reporting by Ronan Corcoran and Mathias de Rozario in Gdańsk)
 ((ronan.corcoran@thomsonreuters.com))