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

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 r

TomTom sees space know-how gross sales at lowered finish of assist as weak automobile want considers

By Mathias de Rozario (Reuters) – Digital mapping skilled TomTom anticipates yearly gross sales of its space innovation gadget forward on the lowered finish of its assist number of 490-520 million euros ($ 536-569 million), it claimed on Friday after weak want for brand-new vehicles and vans struck its third-quarter earnings. It said the group-level expectation for 2024 earnings on the lowered finish of its 570-610 million euro array. WHY IT is…