TOM2 TomTom NV

Groupe PSA Awards Global Deal to TomTom

TomTom () today announced that it has been awarded an extension to an existing deal to provide navigation components to PSA beyond 2020. Drivers of Peugeot, Citroën, DS, Opel and Vauxhall vehicles will continue to enjoy driving with TomTom’s full suite of navigation components including automotive grade maps, award-winning navigation and routing, and live services such as traffic information.

"We’re happy to extend our deal with PSA,” said Antoine Saucier, Managing Director, TomTom Automotive. “With our complete stack of highly-accurate maps, navigation software and real-time traffic information, TomTom is uniquely positioned in the automotive industry.”

Over 1 million PSA vehicles have already been sold in 2018 with TomTom’s full stack of navigation components.

TomTom is at the Paris Motor Show 2018 – Pavillion 1, Booth 212.

ENDS

About TomTom

TomTom is the leading independent location technology specialist, shaping mobility with highly accurate maps, navigation software, real-time traffic information and services.

To achieve our vision of a safer world, free of congestion and emissions, we create innovative technologies that keep the world moving. By combining our extensive experience with leading business and technology partners, we power connected vehicles, smart mobility and, ultimately, autonomous driving.

Headquartered in Amsterdam with offices in 37 countries, TomTom’s technologies are trusted by hundreds of millions of people worldwide.

EN
02/10/2018

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Reports on TomTom NV

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We see a binary outcome for the TomTom investment case. The company highlights commercial traction with the new Orbis map platform but we did not see tangible proof of this yet. Given the high fixed cost base and consequently high operational leverage this commercial traction is key and is the difference between low growth or high growth and cash generation. We remain in the middle but believe that the current 2025 ambition is too demanding. We reiterate our HOLD and cut our target price to €6.0...

ING Helpdesk
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Benelux Morning Notes

ASML: 1Q24 Results; weak orders but case intact. CM.com: Reasonable 1Q24 trading update, positive EBITDA surprise. Just Eat Takeaway.com: 1Q24 trading update - slowly creeping back to order growth. Staffing: Dutch period 3 - March volume and revenue seeing slight recovery in the trend. TomTom: 1Q24 results - touch weaker but no major surprises

ING Helpdesk
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Benelux Morning Notes

ASML: Preview 1Q24 – Building momentum. Fastned: Preview 1Q24 trading update. TomTom: Preview 1Q24, limited changes vs FY23. Xior Student Housing: Final formal step for the Basecamp deal

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