Report
Ali Mogharabi
EUR 101.80 For Business Accounts Only

TomTom depends on the telematics and automotive businesses to turn itself around.

TomTom continues to face pressure within the consumer wearables market that  pushed third-quarter total revenue to come in below consensus but in line with our estimate. Despite gross margin expansion as the lower-margin hardware share of TomTom’s total revenue continues to decline, the firm reported lower-than-expected operating income, mainly due to restructuring costs related to consumer sports wearables. Ongoing weakness within the consumer segment, which represents nearly 45% of TomTom’s re...
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Morningstar
Morningstar

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Ali Mogharabi

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