UPDATE 1-TomTom returns to operating profit as cost cuts boost margins

Microsoft Corporation
Uber Technologies,Inc.

Microsoft Corporation

MSFT

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Uber Technologies,Inc.

UBER

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Adds context in paragraph 2, results details in bullets 1-3, outlook in bullet 4

July 15 (Reuters) - Dutch digital mapping specialist TomTom TOM2.AS on Wednesday returned to an operating profit in the second quarter from a year-earlier loss, as cost cuts helped improve margins.

The company, whose customers include Microsoft MSFT.O, Uber UBER.N and Volkswagen VOWG.DE, reported lower revenue as an expected transition from old to new contracts weighed.

  • EBIT improved to €8.5 million ($9.7 million), beating the company-provided consensus of €8 million

  • Revenue dropped to €134.6 million, compared with €135 million expected by analysts

  • Operating margin turned positive to 6%, helped by lower costs

  • Confirmed full-year revenue outlook, and return to growth in 2027 onwards

($1 = 0.8744 euros)


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