TomTom sees location tech sales at low end of guidance as weak auto demand weighs

TomTom sees location tech sales at low end of guidance as weak auto demand weighs

The Star Online - Tech·2024-10-11 19:00

(Reuters) - Digital mapping specialist TomTom expects annual sales of its location technology unit to come at the lower end of its guidance range of 490-520 million euros ($536-569 million), it said on Friday after weak demand for new cars hit its third-quarter revenue.

It reiterated the group-level outlook for 2024 revenue at the low end of its 570-610 million euro range.

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