TomTom Raises Full Year Outlook After Beating Q3 According to Reuters

© Reuters. FILE PHOTO: TomTom navigation is seen in front of TomTom’s display logo in this illustration taken July 28, 2017. REUTERS/Dado Ruvic

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(Reuters) – Dutch navigation and digital mapping company TomTom on Friday raised its 2022 outlook following better-than-expected third-quarter results thanks to its location technology business.

The Amsterdam-based company, whose clients range from major car companies to leading global technology companies, forecasts full-year revenue in the range of 505 million to 520 million euros ($494 million to $509 million). la), with 410 million to 425 million euros from its core location technology business.

The group had previously targeted revenue of 470-510 million euros, with 380-420 million euros generated from navigation technology.

(1 dollar = 1.0221 euros)


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