TomTom Q3 Revenue Down At €129 Million

By Reuters News

Oct 15 (Reuters) - TomTom NV TOM2.AS:

  • Q3 GROUP REVENUE EUR 129 MLN

  • Q3 OPERATING RESULT OF EUR 6 MLN AND AN OPERATING MARGIN OF 5%

  • Q3 NET CASH OF EUR 239 MLN

  • Q3 NET RESULT EUR 5.1 MLN

  • NOW EXPECTED 2026 REVENUE €505 - € 530 MLN VS €495 - €555 MLN PREVIOUSLY EXPECTED

  • NOW EXPECTS 2026 OPERATING MARGIN AROUND +4% VS AROUND +3% PREVIOUSLY

  • ANNOUNCED ORGANIZATIONAL CHANGES IMPACTING APPROXIMATELY 200 ROLES GLOBALLY

  • EXPECT TO RECORD A RESTRUCTURING CHARGE OF APPROXIMATELY EUR 15 MLN IN Q4 2026

  • ANNUALIZED SAVINGS FROM ORGANIZATIONAL RESTRUCTURING EXPECTED AT ABOUT EUR 21 MLN


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