The company published a strong Q3, confirming the good trend seen since the beginning of the year, and revised upward its guidance for this year. For Q3, we see a moderate increase in total revenue (+1% yoy) thanks to strong growth in the Automotive & Enterprise activity (+15% yoy). However, the still declining Consumer activity (i.e. Personal navigation assistant) offset the top-line with a drop of 14% in revenue. The Telematics activity also grew by 10% yoy, driven by an increasing base
16 Oct 2018
Strong performance eclipsed by contract loss
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Strong performance eclipsed by contract loss
The company published a strong Q3, confirming the good trend seen since the beginning of the year, and revised upward its guidance for this year. For Q3, we see a moderate increase in total revenue (+1% yoy) thanks to strong growth in the Automotive & Enterprise activity (+15% yoy). However, the still declining Consumer activity (i.e. Personal navigation assistant) offset the top-line with a drop of 14% in revenue. The Telematics activity also grew by 10% yoy, driven by an increasing base