Automotive Navigation Application Launch
TomTom launched its next-generation Automotive Navigation Application, setting a new benchmark for user experience and flexibility in the industry.
Expansion with Hyundai
TomTom expanded its partnership with Hyundai, securing a multiyear agreement to provide real-time traffic and speed camera services across Europe.
Automotive Revenue Growth
Automotive operational revenue increased by 22% year-on-year to EUR 85 million, driven by new vehicle lines and recovery in production volumes.
Gross Margin Improvement
Gross margin improved to 89%, up from 87% last year, due to a greater share of higher margin content and software revenue.
Free Cash Flow Increase
Free cash flow rose to EUR 17 million, compared with EUR 15 million last year.
Positive Outlook and Revenue Guidance Increase
TomTom increased its expectations for full-year group revenue and Location Technology revenue to approach the upper end of the previously communicated guidance range.