TomTom delivers on technique and upgrades steering
TomTom’s Chief Government Officer, Harold Goddijn
“The investments in our expertise stack are enabling us to remodel our product portfolio into one that’s extra modular and scalable. This allows quicker deployment, better flexibility and a shorter time-to-market for our clients. By way of these developments, we have gotten a product-led firm, and we’ve got realigned our group in help of this shift.
As anticipated firstly of the 12 months, transitory headwinds are weighing on our top-line growth. Nonetheless, we’re inspired by the progress made within the first half of the 12 months and are upgrading our full-year steering accordingly.
We stay assured about our market place. Within the second quarter, our maps had been chosen to help complicated subject service operations, optimize logistics, enhance infrastructure investments, and extra. As location expertise turns into more and more integral to digital experiences and enterprise operations, our maps and superior functions assist an increasing number of clients develop and innovate.”
Operational abstract
- We realigned our group as we superior our product-led technique
- We launched our Mannequin Context Protocol Serverenabling AI brokers to achieve spatial consciousness by means of TomTom’s information and APIs
- We introduced a partnership with premium all-electric auto model sensible and generated significant engagement with carmakers at Auto Shanghai 2025
- We stored up our momentum in Enterprise, with our merchandise being chosen by IFS, NextBillion.ai and many extra
Monetary abstract second quarter 2025
- Group income decreased by 4% to €146 million (Q2 ’24: €152 million)
- Location Expertise income decreased by 2% to €126 million (Q2 ’24: €129 million)
- Automotive operational income decreased by 13% to €77 million (Q2 ’24: €89 million)
- Working bills included a restructuring cost of €25 million
- Free money circulate is an influx of €14 million (Q2 ’24: outflow of €5 million)
- Internet money of €267 million (This autumn ’24: €264 million)
Key figures
TomTom’s Chief Monetary Officer, Taco Titulaer
“Within the second quarter, our efficiency was influenced by a wide range of transitory elements. Our Automotive enterprise encountered business uncertainties, whereas the underlying development of our Enterprise enterprise was greater than offset by unfavorable alternate fee actions.
However, our enterprise’ fundamentals stay sound. We realized a robust gross margin that may proceed to enhance as we advance our product-led technique. As well as, whereas working bills within the second quarter had been impacted by the availability associated to the organizational realignment we introduced in June, we anticipate diminished complexity and better operational efficiencies to start out benefiting our working margin from the third quarter onward.
Whereas headwinds stay current, our efficiency within the first half of the 12 months was forward of our preliminary expectations. This has led us to improve our steering. For the complete 12 months, we now anticipate Group and Location Expertise income to achieve the higher finish of our preliminary steering. We’re additionally upgrading our free money circulate steering to round +5% of Group income on the mid-point of the guided vary.”
SOURCE: TomTom
