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Top related persons:
Marc Hesselink - 1 TomTom - 1 Taco Titulaer - 1 Titulaer - 1 Gaëlle Sheehan - 1 Nathan Vifflin - 1 Milla Nissi - 1 Susan Fenton - 1
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Gdansk
Top related orgs:
Google - 1 ING - 1 Volkswagen - 1 Finance - 1 Thomson - 1

Search resuls for: "Taco Titulaer"


3 mentions found


☆ Map maker TomTom shares slide as its biggest unit misses sales forecast
  + stars: | 2023-10-13 | by ( Gaelle Sheehan Nathan Vifflin | Gaelle Sheehan | Nathan Vifflin | ) www.reuters.com   time to read: +2 min
Oct 13 (Reuters) - Digital mapping specialist TomTom (TOM2.AS) reported lower than expected revenue at its main location technology business on Friday, sending its shares down 7%. Sales in the auto sector rose 32% but the enterprise sector's sales fell 20%, reflecting lower volumes of some renewed contracts. Total group sales rose 6% on the year to 144.1 million euros. Finance chief Taco Titulaer said growth in car production might stabilise in the forth quarter, though he did not expect TomTom to suffer from it. Titulaer said TomTom saw new opportunities in generative artificial intelligence (AI) and was "investing time and money and people" into the technology.
Persons: Marc Hesselink, TomTom, Taco Titulaer, Titulaer, Gaëlle Sheehan, Nathan Vifflin, Milla Nissi, Susan Fenton Organizations: Google, ING, Volkswagen, Finance, Reuters, Thomson Locations: Gdansk
☆ TomTom raises 2023 revenue outlook as automotive drives Q4 beat
  + stars: | 2023-02-03 | by ( Federica Mileo | ) www.reuters.com   time to read: +1 min
Feb 3 (Reuters) - Dutch navigation and digital mapping company TomTom (TOM2.AS) raised its 2023 revenue forecast on Friday, after posting better-than-expected fourth-quarter revenue driven by strong automotive performance. After being hit by the global chip shortage that has disrupted the automotive and electronics industries, TomTom is now starting to benefit from the recovery in global car production. The Amsterdam-based firm, whose customers include Volkswagen (VOWG_p.DE) and Microsoft (MSFT.O), forecast revenue for the current fiscal year in a range of 540 million euros to 580 million euros ($588.33 million-$631.91 million), with free cash flow of between 0% and +5% of the revenue. The group had previously guided for a revenue of 500-550 million euros, with 425-475 million euros generated from its core location technology business, and free cash flow at breakeven. The company posted revenue of 139 million euros for the quarter ended Dec.31, beating company-compiled analysts' average forecast of 120 million euros.
☆ TomTom forecasts higher annual sales after Q3 beat
  + stars: | 2022-10-14 | by ( Federica Mileo Augustin Turpin | Federica Mileo | Augustin Turpin | ) www.reuters.com   time to read: +2 min
Oct 14 (Reuters) - Dutch navigation and digital mapping company TomTom (TOM2.AS) on Friday raised its 2022 outlook, as increased car production and higher location technology sales drove third-quarter results. It had previously guided for a revenue of 470-510 million euros, with 380-420 million euros generated from location technology. "Macroeconomic uncertainties and inflationary pressures have an impact on global car production as well as our cost levels," finance chief Taco Titulaer said in a statement. Still, quarterly sales were boosted by increased car production volumes in TomTom's core markets, the company said. The group's total revenue came in at 136.3 million euros, beating analysts' 126-million-euro estimate.
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