TomTom NV
OTC:TMOAF
TomTom NV
TomTom NV is engaged in the developing of location technology including maps, navigation software, real-time traffic information, and other services. The company is headquartered in Amsterdam, Noord-Holland and currently employs 4,424 full-time employees. The company went IPO on 2005-05-16. The firm operates through two segments: Location Technology and Consumer. The Location Technology segment consists of its Automotive and Enterprise businesses, which provide maps, navigation software and services as components to be integrated into customers’ applications. The Consumer segment offers driver navigation, including directions, guidance, information and inspiration for their journeys on the road. Its consumer products are portable navigation devices and mobile applications. The firm has more than 40 offices in around 30 countries.
TomTom NV is engaged in the developing of location technology including maps, navigation software, real-time traffic information, and other services. The company is headquartered in Amsterdam, Noord-Holland and currently employs 4,424 full-time employees. The company went IPO on 2005-05-16. The firm operates through two segments: Location Technology and Consumer. The Location Technology segment consists of its Automotive and Enterprise businesses, which provide maps, navigation software and services as components to be integrated into customers’ applications. The Consumer segment offers driver navigation, including directions, guidance, information and inspiration for their journeys on the road. Its consumer products are portable navigation devices and mobile applications. The firm has more than 40 offices in around 30 countries.
Revenue Outlook: TomTom raised its full-year revenue forecast to the upper end of its previous guidance range, reflecting solid performance year-to-date.
Automotive Strength: Automotive operational revenue grew strongly, driven by new vehicle line ramp-ups, stable production, and royalty reports, despite a generally weak auto market.
Gross Margin Expansion: Gross margin increased to 89%, up from 87% last year, due to a higher mix of content and software revenue.
Enterprise Challenges: Enterprise revenue remained flat, with growth held back by the loss of a large customer and a slow ramp in new business, despite a broader customer base.
Free Cash Flow: Free cash flow improved to EUR 17 million, up from EUR 15 million last year.
Strategic Product Launch: Launched a next-generation Automotive Navigation Application, receiving strong interest from OEMs.
Automotive Pipeline: Strong order pipeline in automated driving, though significant revenue from AV is expected only from 2027 onwards.
