TomTom lifts floor of 2025 guidance after positive half-year results
- - - TomTom lifts floor of 2025 guidance after positive half-year results
July 15, 2025 at 12:14 AM
(Reuters) -Dutch digital mapping specialist TomTom lifted the bottom end of its full-year revenue guidance range on Tuesday, saying its results in the first half of 2025 were better than it had initially expected despite market headwinds.
The Amsterdam-based company expects its revenue to come between 535 million and 565 million euros ($624.72 million and $659.75 million) in 2025, compared with the previous forecast of 505-565 million euros.
It posted a group revenue of 146.2 million euros in the second quarter, above the 145 million euros expected on average in a company-provided consensus, aided by better than expected results in its automotive business.
"We remain confident about our market position. In the second quarter, our maps were selected to support complex field service operations, optimize logistics, improve infrastructure investments, and more," CEO and co-founder Harold Goddijn said in a press statement.
($1 = 0.8564 euros)
(Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)
Source: AOL Money
