Tomtom has published disappointing Q3 results. Both revenues and EBITDA came in below consensus. EBITDA was expected to be a positive €3.9m but came in at a negative €5.3m, lower than the most pessimistic analyst. This was due to low Auto volumes, which directly impacted revenues, margins and expected cash flow.
14 Oct 2021
Q3 21: semiconductor pressure slashes guidance
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Q3 21: semiconductor pressure slashes guidance
Tomtom has published disappointing Q3 results. Both revenues and EBITDA came in below consensus. EBITDA was expected to be a positive €3.9m but came in at a negative €5.3m, lower than the most pessimistic analyst. This was due to low Auto volumes, which directly impacted revenues, margins and expected cash flow.