TomTom has provided Q1 22 results in line with consensus. The weaker Auto volumes impact has been offset by the strong momentum in Enterprise and a slower than expected decline in the Consumer business. TomTom is well set to achieve its flat FY22 guidance.
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Q1 22: reiterated guidance
TomTom has provided Q1 22 results in line with consensus. The weaker Auto volumes impact has been offset by the strong momentum in Enterprise and a slower than expected decline in the Consumer business. TomTom is well set to achieve its flat FY22 guidance.