Amsterdam-based TomTom lifts 2025 guidance

TomTom has revised its revenue forecast for 2025 to between €535 million and €565 million, up from an earlier estimate of €505 million to €565 million, driven by better-than-expected results in the first half of the year.

The company's automotive sector performed strongly in the second quarter, contributing to the positive outlook, despite an overall 4% decline in Q2 revenues to €146.2 million, which still exceeded market expectations.

CEO Harold Goddijn highlighted TomTom's strategic advantage, noting that its mapping solutions are being utilized for complex operations, logistics, and infrastructure projects, reflecting the company's resilience in a challenging market.

Recommendation Rating: Positive Outlook for TomTom's Revenue

TomTom, the Dutch expert in digital mapping, has revised its revenue forecast for the year 2025, citing stronger-than-anticipated results in the first half of the year, despite persistent market challenges. The company now projects revenues to reach between €535 million and €565 million, an increase from its earlier estimate of €505 million to €565 million.

This optimistic revision primarily stems from a robust performance in its automotive sector, which exceeded analyst expectations in the second quarter. Although TomTom's total revenue fell by 4% in Q2, amounting to €146.2 million, this result surpassed market consensus.

CEO Harold Goddijn expressed confidence in the company’s strategic position, saying, "In the second quarter, our maps were chosen to enhance complex field service operations, streamline logistics, and bolster infrastructure investments, among other applications." TomTom continues to showcase resilience and adaptability in a competitive landscape, aiming to leverage its strong market position moving forward.