TomTom shares up as Q1 operating profit beats expectations

TomTom NV

16/04/2026 08:39

** Shares in Dutch digital mapping specialist TomTom TOM2.AS rise 2.8% after beating operating profit expectations in Q1

** Its Q1 earnings before interest and taxes (EBIT) came in at 13.8 million euros ($16.3 million), above analysts' average estimate of 7 million euros in a company-provided consensus

** "With the shares down around 18% YTD, the better margin outcome could provide short-term support, despite ongoing negative revenue trends," ING analysts say

** Shares in TomTom are on track for their best day since March 18, if gains hold

($1 = 0.8469 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com))