TomTom gives turnover warning
- TomTom has suffered from declining demand for its navigation tables. The company issued on Thursday a revenue warning.
TomTom's profit outlook remains intact, said the group in a press release.
Ahead of its third quarter results presented on October 21, TomTom reported that annual sales will decrease to € 980 million, coming from an earlier forecast of € 1.050 billion.
Sales of navigation tables TomTom encountered a weak market. The group had been much earlier stated that development would continue.
Thursday reported that its European sales with a stronger decrease than previously estimated. would decrease the hardware in Europe are 20% for the whole year for the whole year.
The North American market remains well within expectations for year-TomTom provides sales decreased by 23% to.\n \n \n advertisement
His Automotive-, Licensing and Telematics parts develop it in line with previously announced expectations, says TomTom.
The profit forecast of € 0.23 per share remains intact.
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