Reported 19 days ago
TomTom has exceeded profit expectations in the third quarter, reporting operating earnings of 8.4 million euros, a significant increase from last year’s loss. The improvement is attributed to a rise in demand from the automotive industry, with revenues from its automotive technology unit increasing by 2%. CEO Harold Goddijn noted that effective cost control and innovation in high-definition self-driving maps have contributed to this success, despite uncertainties in the automotive market.
Source: YAHOO