|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.05 - 11.05|
|52 Week Range||8.55 - 16.16|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 22, 2019|
|1y Target Est||N/A|
TomTom NV said Wednesday that it plans to buy back 50 million euros ($55.5 million) of its shares as the company reported a swing to net loss for the fourth quarter on lower revenue and higher costs.
Chinese telecom giant Huawei Technologies Co. Ltd. is collaborating with Dutch digital maps supplier TomTom NV (OTC: TMOAF ) to make an alternative to Google Maps for its phones, according to Reuters ...
As an investor its worth striving to ensure your overall portfolio beats the market average. But its virtually certain...
TomTom said on Tuesday its deals with carmakers are worth about 1.6 billion euros ($1.76 billion), as the Dutch navigation company aims to accelerate revenue growth and considers a share buyback program. Earlier this year, the Amsterdam-based company said it would focus on growing its digital maps business after it sold its fleet management business to Japan's Bridgestone for 910 million euros. Ahead of an investor day on Tuesday, TomTom said it expected to increase its revenue from location technologies, such as maps, by 10% each year until 2021, aiming to speed up that growth in the years after that.
"We had a good start of the year, winning the first two available HD map deals, which gives us an early position in this growth market," said CEO Harold Goddijn in a statement. TomTom in January agreed to sell its fleet management business to Japan's Bridgestone for 910 million euros, in order to concentrate on its digital map-linked businesses, which it has said it expects to grow by around 15 percent to 430 million euros in 2019. TomTom's prospects took a huge knock last year with the entry of Google's far-reaching supply deal with a group of carmakers including Renault, Nissan and Mitsubishi .