Strong Engagement with Chinese OEMs
At Auto Shanghai, TomTom had strong engagement with multiple Chinese OEMs, signaling positive future opportunities in the automotive sector.
AI-Driven Product Innovation
TomTom launched the Model Context Protocol Server, which enables AI agents to generate accurate location-aware output, showcasing innovation in product development.
Improved Cash Flow Position
Free cash flow was an inflow of EUR 14 million in the quarter, a sharp improvement from the outflow of EUR 5 million last year.
Raised Guidance for 2025
TomTom upgraded its outlook, expecting full-year group revenue of between EUR 535 million and EUR 565 million, and Location Technology revenue between EUR 465 million and EUR 490 million.
High Gross Margin
Achieved a strong gross margin of 88% in the second quarter, up from 80% last year.